Any advertisement or other dissemination of information by or on behalf of an insurer stating the insurer’s assets shall in the same connection and with equal conspicuousness, state the insurer’s liabilities, computed on the same basis. Any such statement purporting to show the insurer’s capital shall state only the amount of actual paid-in capital.
Effective: March 29, 1976

Terms Used In Kentucky Statutes 304.12-050

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Amended 1976 Ky. Acts ch. 87, sec. 2, effective March 29, 1976. — Created
1970 Ky. Acts ch. 301, subtit. 12, sec. 5, effective June 18, 1970.

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