KRS 304.3-090: General eligibility for certificate of authority -- Prior operation.

No foreign insurer shall be authorized to transact insurance in Kentucky, which has not

been issuing its own policies as an authorized insurer for at least three (3) years in its state

or country of domicile, unless the insurer is otherwise qualified for a certificate of

authority under this code and is:

(1) The wholly owned subsidiary as defined in KRS 304.37 -010 of an insurer which is

already an authorized insurer in Kentucky; or

(2) The successor in interest through statutory merger or statutory consolid ation, or

through bulk reinsurance of substantially all of the insurance risks in this state, of an

authorized insurer; or

(3) An insurer organized solely for the purpose of insuring against earthquake, flood,

nuclear radiation, war or other special hazard s to property or liability for which, in

the opinion of the commissioner, adequate provision is not made by insurers already

authorized in this state.