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2019 Kentucky Revised Statutes
Chapter 304 - Insurance code
Subtitle 304.5 - Kinds of Insurance -- Limits of Risk -- Reinsurance
304.5-130 "Reinsurance" defined.

Universal Citation: KY Rev Stat § 304.5-130 (2019)
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304.5-130 "Reinsurance" defined. "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. Effective: June 18, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 5, sec. 13, effective June 18, 1970.
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