At the time of effecting any such surplus lines insurance, the broker shall execute an affidavit in form prescribed or accepted by the commissioner setting forth facts from which it can be determined whether such insurance was eligible for export under KRS
304.10-040. The broker shall file this affidavit with the commissioner in the manner and form as prescribed by the commissioner through administrative regulation.

Terms Used In Kentucky Statutes 304.10-050

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Broker: means a surplus lines broker duly licensed as such under this subtitle. See Kentucky Statutes 304.10-030
  • export: means to place in an unauthorized insurer under this Surplus Lines Law insurance covering a subject of insurance resident, located or to be performed in Kentucky. See Kentucky Statutes 304.10-030
  • Surplus lines: means nonadmitted insurance sold to, solicited by, or negotiated with an insured whose home state is Kentucky. See Kentucky Statutes 304.10-030

Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1091, effective July 15, 2010. — Amended 2004 Ky. Acts ch. 157, sec. 5, effective July 13, 2004. — Amended 1982
Ky. Acts ch. 123, sec. 7, effective July 15, 1982. — Created 1970 Ky. Acts ch. 301, subtit. 10, sec. 5, effective June 18, 1970.

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