Kentucky Statutes 304.45-100 – Countersignature not required
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A policy of insurance issued to a risk retention group or any member of a risk retention group shall not be required to be countersigned as provided in KRS § 304.3-250.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 308, sec. 10, effective July 15, 1986.
Effective: July 15, 1986
Terms Used In Kentucky Statutes 304.45-100
- Insurance: means primary insurance, excess insurance, reinsurance, surplus lines insurance, and any other arrangement for shifting and distributing risks which is determined to be insurance under the laws of this state. See Kentucky Statutes 304.45-020
- Risk retention group: means any corporation or other limited liability association: (a) Whose primary activity consists of assuming and spreading all, or any portion,
of the liability exposure of its group members. See Kentucky Statutes 304.45-020
History: Created 1986 Ky. Acts ch. 308, sec. 10, effective July 15, 1986.