Ky. Rev. Stat. § 304.5-130
Current through Acts Received April 24, 2024
"Reinsurance" is a contract under which an originating insurer (called the "ceding" insurer) procures insurance for itself in another insurer (called the "assuming" insurer or the "reinsurer") with respect to part or all of an insurance risk of the originating insurer.
KRS 304.5-130
Created 1970 Ky. Acts ch. 301, subtit. 5, sec. 13, effective6/18/1970.