Foreign captive insurer definition
Foreign captive insurer means an insurer formed under the laws of the District of Columbia, or a state, commonwealth, territory, or possession of the United States other than this state.
Foreign captive insurer means an insurer:
Foreign captive insurer means any insurer formed to write insurance business for its parents and affiliates and licensed pursuant to the laws of any state other than Kentucky which imposes statutory or regulatory standards in a form acceptable to the commissioner on companies transacting the business of insurance in that jurisdiction. Under KRS 304.49- 010 to 304.49-230, captive insurers formed under the laws of any jurisdiction other than a state of the United States shall be treated as a foreign captive insurer unless the context requires otherwise; . . . .
More Definitions of Foreign captive insurer
Foreign captive insurer means an insurance company with the
Foreign captive insurer means an insurance company with the following characteristics:
Foreign captive insurer means any insurer formed to write insurance business for its parents and affiliates and licensed pursuant to the laws of any state other than
Foreign captive insurer means any captive insurer that
Foreign captive insurer means any captive insurer that is domiciled in and licensed under the laws of another state that imposes statutory or regulatory standards on captive insurance companies in that state that are acceptable to the director.