Kentucky Revised Statutes
Subtitle 304.49 - Captive Insurers
304.49-060 Formation of captive insurers -- Applicability of KRS Chapters 271B, 273, and 275 -- Conditions for issuing certificate of authority -- Applicability of KRS Chapter 271B and Subtitles 27 and 45 -- Conflicts -- Owners and parent companies.

Kentucky Revised Statutes

Subtitle 304.49 - Captive Insurers

304.49-010 Definitions for KRS 304.49-010 to 304.49-230.

304.49-020 Certificate required for captive insurer -- Qualifications -- Restrictions on doing business -- Required documentation -- Confidentiality -- Fee.

304.49-030 Name of captive insurer.

304.49-040 Financial security requirements.

304.49-050 Payment of dividends -- Commissioner's approval required -- Limitations -- Rescinding approval.

304.49-060 Formation of captive insurers -- Applicability of KRS Chapters 271B, 273, and 275 -- Conditions for issuing certificate of authority -- Applicability of KRS Chapter 271B and Subtitles 27 and 45 -- Conflicts -- Owners and parent companies.

304.49-070 Annual report of financial condition.

304.49-080 Examination of captive insurers.

304.49-090 Applicability of Subtitles 2 and 3 to captive insurers.

304.49-100 Duties of captive insurer -- Investment plan -- Prohibited and permitted limitations on investments -- Applicability of investment requirements and limitations of Subtitle 7.

304.49-110 Reinsurance on risks ceded by other insurer or captive insurer authorized -- Powers of commissioner.

304.49-120 Rating organization membership not required.

304.49-130 Prohibition of contributions made and benefits received -- Exceptions.

304.49-140 Administrative regulations.

304.49-150 Exclusivity of KRS 304.49-010 to 304.49-230 to captive insurance companies -- Provisions applicable to industrial insured captive insurer.

304.49-160 Rehabilitation, liquidation, and dissolution -- Applicability of Subtitle 33.

304.49-170 Administrative regulations regarding risk management function.

304.49-180 Conversion or merger of consortium captive insurer or industrial insurer group into reciprocal insurer -- Plan of conversion or merger -- Other conditions.

304.49-190 Formation of sponsored captive insurer -- Conditions.

304.49-200 Certification requirements of sponsor of sponsored captive insurer.

304.49-210 Permissible participants in sponsored captive insurer.

304.49-220 Tax levied on premium receipts -- Rates -- Exclusivity of premium tax -- Distribution of revenue for administration of KRS 304.49-010 to 304.49-230.

304.49-222 Duties of captive insurers.

304.49-224 Minimum standards for special purpose and agency captive insurers to be set by administrative regulations.

304.49-226 Change that materially impacts financial condition or management -- Notification to and approval of commissioner to take material action -- Loans to parent company or affiliates.

304.49-228 Establishment of protected cells by sponsored captive insurer -- Conditions.

304.49-230 KRS 304.49-010 to 304.49-230 not applicable to foreign captive insurer in Kentucky before July 14, 2000 -- Exception.