Subtitle 49. Captive Insurers  


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.