™Your Policy Risk Impact Agent
21 chapters · 2,203 sections in this title.
KRS § 304.49-010 Definitions for KRS 304.49-010 to 304.49-230
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As used in KRS 304.49-010 to 304.49-230, unless the context requires otherwise: (1) "Affiliated company" means any company in the same corporate system as a parent, an industrial insured, or a member organization by virtue of common ownership, control, operation, or management; (…
KRS § 304.49-020 Certificate required for captive insurer -- Qualifications -- Restrictions on doing business -- Required documentation -- Confidentiality -- Fee
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on doing business -- Required documentation -- Confidentiality -- Fee. (1) Any captive insurer, when permitted by its articles of incorporation, charter, or other organizational document, may apply to the commissioner for a certificate of authority to engage in any and all kinds …
KRS § 304.49-030 Name of captive insurer
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Each captive insurer shall be named in accordance with KRS 304.3-100.
KRS § 304.49-040 Financial security requirements
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(1) No captive insurer shall be issued a certificate of authority unless it shall possess and thereafter maintain unimpaired paid-in capital and surplus of: (a) In the case of a pure captive insurer, not less than two hundred fifty thousand dollars ($250,000); (b) In the case of …