Exemption of specific product forms or product lines
KRS 304.6-134
in effect304.6-134. Exemption of specific product forms or product lines
A specific product form or product line of a domestic company that is licensed and doing business only in Kentucky shall be exempt from the requirements of KRS 304.6-143 if:
(1) The commissioner has in his or her discretion issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and
(2) Either of the following are satisfied:
(a) The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual; or
(b) The exemption is consistent with the valuation manual.
Effective: July 15, 2024
History: Amended 2024 Ky. Acts ch. 129, sec. 1, effective July 15, 2024. -- Amended 2022 Ky. Acts ch. 133, sec. 5, effective July 14, 2022. -- Created 2015 Ky. Acts ch. 57, sec. 9, effective June 24, 2015.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=55082Fetched: 10/20/2026