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21 chapters · 2,203 sections in this title.
KRS § 304.45-032 Board of directors of risk retention group -- Contracts with service provider -- Audit committee composed of independent directors -- Governance standards -- Code of business conduct and ethics -- Notification of noncompliance
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provider -- Audit committee composed of independent directors -- Governance standards -- Code of business conduct and ethics -- Notification of noncompliance. (1) (a) 1. The board of directors of a risk retention group shall have a majority of independent directors. 2. No directo…
KRS § 304.45-040 Requirements for doing business -- Exemptions
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Risk retention groups chartered and licensed in states other than this state and seeking to do business as a risk retention group in this state shall observe and abide by the laws of this state as follows: (1) Before offering insurance in this state, a risk retention group shall …
KRS § 304.45-050 Purchasing groups -- Exemptions from certain laws regarding liability insurance
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insurance. A purchasing group and its insurer or insurers shall be subject to all applicable laws of this state, except that a purchasing group and its insurer or insurers shall be exempt from any law regarding liability insurance for the purchasing group that would: (1) Prohibit…
Requirements for eligibility for charter of out-of-state groups
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(1) A purchasing group which intends to do business in this state shall, prior to doing business, furnish notice to the commissioner which shall: (a) Identify the state in which the purchasing group is domiciled; (b) Specify the kinds and classification of liability insurance whi…