Kentucky Revised Statutes
Includes enactments through the 2024 Regular Session
The KRS database was last updated on 09/11/2024
.49-010 Definitions for KRS 304.49-010 to 304.49-230.
.49-020 Certificate required for captive insurer -- Qualifications -- Restrictions on doing business -- Required documentation -- Confidentiality -- Fee.
.49-030 Name of captive insurer.
.49-040 Financial security requirements.
.49-050 Payment of dividends -- Commissioner's approval required -- Limitations -- Rescinding approval.
.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.
.49-070 Annual report of financial condition.
.49-080 Examination of captive insurers.
.49-090 Applicability of Subtitles 2 and 3 to captive insurers.
.49-100 Duties of captive insurer -- Investment plan -- Prohibited and permitted limitations on investments -- Applicability of investment requirements and limitations of Subtitle 7.
.49-110 Reinsurance on risks ceded by other insurer or captive insurer authorized -- Powers of commissioner.
.49-120 Rating organization membership not required.
.49-130 Prohibition of contributions made and benefits received -- Exceptions.
.49-140 Administrative regulations.
.49-150 Exclusivity of KRS 304.49-010 to 304.49-230 to captive insurance companies -- Provisions applicable to industrial insured captive insurer.
.49-160 Rehabilitation, liquidation, and dissolution -- Applicability of Subtitle 33.
.49-170 Administrative regulations regarding risk management function.
.49-180 Conversion or merger of consortium captive insurer or industrial insurer group into reciprocal insurer -- Plan of conversion or merger -- Other conditions.
.49-190 Formation of sponsored captive insurer -- Conditions.
.49-200 Certification requirements of sponsor of sponsored captive insurer.
.49-210 Permissible participants in sponsored captive insurer.
.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.
.49-222 Duties of captive insurers.
.49-224 Minimum standards for special purpose and agency captive insurers to be set by administrative regulations.
.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.
.49-228 Establishment of protected cells by sponsored captive insurer -- Conditions.
.49-230 KRS 304.49-010 to 304.49-230 not applicable to foreign captive insurer in Kentucky before July 14, 2000 -- Exception.