Kentucky Statutes 304.8-160 – Levy upon deposit
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(1) Except as provided in subsection (2) of this section, no judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets held in this state as a deposit for the protection of the insurer’s policyholders or policyholders and creditors.
(2) As to deposits made pursuant to the retaliatory provision, KRS § 304.3-270, levy thereupon shall be permitted if so provided in the commissioner’s order under which the deposit is required.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1037, effective July 15, 2010. — Created
1970 Ky. Acts ch. 301, subtit. 8, sec. 16, effective June 18, 1970.
(2) As to deposits made pursuant to the retaliatory provision, KRS § 304.3-270, levy thereupon shall be permitted if so provided in the commissioner’s order under which the deposit is required.
Terms Used In Kentucky Statutes 304.8-160
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1037, effective July 15, 2010. — Created
1970 Ky. Acts ch. 301, subtit. 8, sec. 16, effective June 18, 1970.