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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.49-210.Permissible participants in sponsored captive insurer

Current as of January 01, 2024 | Updated by FindLaw Staff

(1) Associations, corporations, limited liability companies, partnerships, trusts, and other business entities may be participants in any sponsored captive insurer formed or issued a certificate of authority under KRS 304.49-010 to 304.49-230.

(2) A sponsor may be a participant in a sponsored captive insurer.

(3) A participant need not be a shareholder of the sponsored captive insurer or any affiliate thereof.

(4) A participant shall insure only its own risks through a sponsored captive insurer.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.49-210.Permissible participants in sponsored captive insurer - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-49-210/

Read this complete Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.49-210.Permissible participants in sponsored captive insurer on Westlaw. Westlaw subscription required.

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