There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 299 ASSESSMENT OR COOPERATIVE INSURANCE
299.510 Reinsurance of risks by mutual or assessment and cooperative fire insurance companies.
Download pdfincorporation, may by policy, treaty or other agreement, cede to or accept from any
other insurance company or insurer, insurance or reinsurance upon the whole or any
part of any risk provided such other insurance companies or insurers shall at all
times maintain the full standards of solvency required under laws of this state of
like insurance companies or insurers. (2) KRS 299.510 to 299.530 shall not empower any such mutual fire insurance company or any such cooperative and assessment fire insurance company to assume
or carry insurance or reinsurance on any risk or class of risks prohibited in its
charter, articles of incorporation or bylaws. Effective: September 1. 1950
History: Created 1950 Ky. Acts ch. 21, sec. 11, effective September 1, 1950.
Formerly codified as KRS 299.483
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.