KRS 56.160: Reinsurance.

(1) (a) On and after March 31, 2025, until June 30, 2030, the Office of the Controller

in the cabinet may contract with any responsible insurance or reinsurance

company authorized to do business in Kentucky to reinsure any subject of risk

of which the total valuat ion has been fixed at over ten million dollars

($10,000,000) in such a way as to limit the net liability of the

Commonwealth's property and casualty insurance fund with respect to that

risk to ten million dollars ($10,000,000).

(b) The premium for reinsura nce shall be paid out of the Commonwealth's

property and casualty insurance fund, on warrant of the cabinet.

(2) (a) On and after July 1, 2030, the Office of the Controller in the cabinet may

contract with any responsible insurance or reinsurance company a uthorized to

do business in Kentucky to reinsure any subject of risk of which the total

valuation has been fixed at over one million dollars ($1,000,000) in such a

way as to limit the net liability of the Commonwealth's property and casualty

insurance fund with respect to that risk to one million dollars ($1,000,000).

(b) The premium for reinsurance shall be paid out of the Commonwealth's

property and casualty insurance fund, on warrant of the cabinet.