KRS 299.480: Organization of a reinsurance company by mutual or assessment and

cooperative fire insurance companies.

Three (3) or more domestic mutual or cooperative and assessment fire insurance

companies may organize a reinsurance company to reinsure their risks by certifying to the

commissioner their intention and filing with him certificates properly acknowledged

showing the vote of the directors of the companies authorizing them to become members

of the reinsurance company. The name of the reinsurance company shall be contained in

the certificate to the commissioner and shall be approved by the commissioner. Such

reinsurance company shall be a distinct corporation.