Kentucky Revised Statutes
Includes enactments through the 2024 Regular Session
Chapter titles, centered headings, section catchlines, and explanatory notes are for informational purposes only and do not constitute any part of the law. For general laws governing construction of statutes, see KRS Chapter 446.
The KRS database was last updated on 11/20/2024
.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.