A sponsor of a sponsored captive insurer shall be an insurer licensed under the laws of any state, a reinsurer authorized or approved under the laws of any state, or a captive insurer formed or issued a certificate of authority under KRS § 304.49-010 to KRS § 304.49-230. A risk retention group shall not be either a sponsor or a participant of a sponsored captive insurer.
Effective: July 14, 2000

Terms Used In Kentucky Statutes 304.49-200

  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Created 2000 Ky. Acts ch. 434, sec. 20, effective July 14, 2000.

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