Administrator's contract with another to conduct examination
KRS 393A.630
in effect393A.630. Administrator's contract with another to conduct examination
(1) As used in this section, "related to the administrator" means an individual who is:
(a) The administrator's spouse, partner in a civil union, domestic partner, or reciprocal beneficiary;
(b) The administrator's child, stepchild, grandchild, parent, stepparent, sibling, stepsibling, half-sibling, aunt, uncle, niece, or nephew;
(c) A spouse, partner in a civil union, domestic partner, or reciprocal beneficiary of an individual in paragraph (b) of this subsection; or
(d) Any individual residing in the administrator's household.
(2) The administrator may contract with a person to conduct an examination under KRS 393A.550 to 393A.650.
(3) If the person with whom the administrator contracts under subsection (2) of this section is:
(a) An individual, the individual shall not be related to the administrator; or
(b) A business entity, the entity shall not be owned in whole or in part by the administrator or an individual related to the administrator.
(4) If the administrator contracts with a person under subsection (2) of this section:
(a) The contract may provide for compensation of the person based on a fixed fee, hourly fee, or contingent fee;
(b) A contingent fee arrangement shall not provide for a payment that exceeds ten percent (10%) of the amount or value of property paid or delivered as a result of the examination; and
(c) On request by a person subject to examination by a contractor, the administrator shall deliver to the person a complete and unredacted copy of the contract and any contract between the contractor and a person employed or engaged by the contractor to conduct the examination.
(5) A contract under subsection (2) of this section shall be subject to KRS 61.870 to 61.884.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 163, sec. 63, effective July 14, 2018.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=48160Fetched: 10/20/2026