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On February 12, 1993, the Kentucky Department of Insurance seized Kentucky Central and, after an extensive audit, found the company to be insolvent. After nearly a century in business one of the nation's leading life insurance companies was effectively out of business and over 1000 employees were without work. [4]
Insurance regulatory law. Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as ...
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state. The office of an insurance commissioner is ...
Liability insurance in Kentucky. Kentucky car insurance laws require drivers to carry the following amounts of liability coverage: $25,000 bodily injury liability per person. $50,000 bodily injury ...
Drivers caught without insurance could face stiff penalties for driving uninsured, including: Paying a fine. Driving without insurance in Kentucky could result in fines. For a first offense of ...
Kentucky Employer's Mutual Insurance. Kentucky Employers' Mutual Insurance (KEMI) is a workers' compensation insurance company in Lexington, Kentucky. KEMI was created in 1995 and is the largest provider of workers' compensation insurance in Kentucky. [citation needed] KEMI is a mutual insurance company owned by its policyholders.
kynect, formerly and also called the Kentucky Health Benefit Exchange, is the health insurance marketplace, previously known as health insurance exchange, in the U.S. Commonwealth of Kentucky, created by then-Governor Steve Beshear in accordance with the Patient Protection and Affordable Care Act. Steve Beshear's successor as governor, Matt ...
Income Life Insurance Company of Louisville, Kentucky was incorporated in 1928 and began business in 1929. Initial paid in capital was $158,580 and was increased in 1930 to $192,630. Capital was reduced in 1931 to $129,690 and to $100,150 in 1932. In 1936 capital was increased to $101,522. In 1933 this company reinsured the Dixie-Atlas-Republic ...