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806 CAR 15:060. Universal life insurance. RELATES TO: MRS 304.6120, 304.6140, 304.6145, 304.6150, 304.14120, 304.15040, 304.15300, 304.15310, 304.15340, 304.15342 STATUTORY AUTHORITY: MRS 304.2110 NECESSITY,
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KRS 304 refers to the Kentucky Revised Statutes related to insurance regulation, which provides guidelines and requirements for insurance practices in the state of Kentucky.
Insurance companies and organizations operating within Kentucky are required to file documents and reports that comply with KRS 304.
Entities must complete specific forms provided by the Kentucky Department of Insurance detailing operational and financial information as prescribed by KRS 304, ensuring accuracy and compliance.
The purpose of KRS 304 is to ensure that insurance companies operate fairly and transparently, protecting consumers while maintaining the stability of the insurance market.
Entities must report financial statements, actuarial reports, claims data, premium information, and other relevant operational metrics as stipulated by KRS 304.
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