KRS 304.49-210: Permissible participants in sponsored captive insurer.

(1) Associations, corporations, limited liability companies, partnerships, trusts, and

other business entities may be participants in any sponsored captive insurer formed

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

(2) A sponsor may be a participant in a sponsored captive insurer.

(3) A participant need not be a shareholder of the sponsored captive insurer or any

affiliate thereof.

(4) A participant shall insure only its own risks through a sponsored captive insurer.