Section 304.49-210 - Permissible participants in sponsored captive insurer(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.Effective:7/14/2000
Created 2000, Ky. Acts ch. 434, sec. 21, effective7/14/2000.