806 KAR 7:020.
RELATES TO: KRS
AND CONFORMITY: KRS 304.2-110 provides that the Executive Director of
Insurance may make reasonable rules and administrative regulations necessary
for or as an aid to the effectuation of any provision of the Kentucky Insurance
Code. The function of this administrative regulation is to apply the definition
of "person" to the investments subtitle of the Insurance Code.
Section 1. The executive
director may, upon a finding that any group of corporations or
other legal entities (other than the insurer and its affiliates) are under
common ownership and/or control; either directly or indirectly, consider said
combined group of entities as "one (1) person" for purposes of
determining compliance with this section. (I-7.02; 1 Ky.R. 859; eff. 5-14-75;
TAm eff. 8-9-2007.)