Purpose of application and plan
KRS 304.37-560
in effect304.37-560. Purpose of application and plan
The application and plan of reorganization submitted to the commissioner shall demonstrate that:
(1) Policyholder interests are properly preserved and protected;
(2) The plan is fair and equitable to policyholders; and
(3) The financial condition of the applicant will not be diminished.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1495, effective July 15, 2010. -- Created 1998 Ky. Acts ch. 546, sec. 13, effective July 15, 1998.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29957Fetched: 10/20/2026