KRS 304.49-200: Certification requirements of sponsor of sponsored captive insurer.

A sponsor of a sponsored captive insurer shall be an insurer licensed under the laws of

any state, a reinsurer authorized or approved under the laws of any state, or a captive

insurer formed or issued a certificate of authority under KRS 304.49 -010 to 304.49-230.

A risk retention group shall not be either a sponsor or a participant of a sponsored captive

insurer.