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21 chapters · 2,203 sections in this title.
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 …
KRS § 304.49-050 Payment of dividends -- Commissioner's approval required -- Limitations -- Rescinding approval
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Limitations -- Rescinding approval. No captive insurer may pay a dividend out of, or other distribution with respect to, capital or surplus, in excess of the limitations set forth in KRS 304.24-320 and 304.24-330 without the prior approval of the commissioner. Approval of an ongo…