56.160 Reinsurance. - Kentucky Statutes

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56.160 Reinsurance. The cabinet may contract with any responsible fire and tornado insurance or reinsurance
company authorized to do business in Kentucky to reinsure any subject of risk of which
the total valuation has been fixed at over five hundred thousand dollars ($500,000) in
such a way as to limit the net liability of the state fire and tornado insurance fund with
respect to such subject of risk to five hundred thousand dollars ($500,000). The premium
for reinsurance shall be paid out of the state fire and tornado insurance fund, on warrant
of the cabinet. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 48, effective July 15, 2010. -- Amended 1982 Ky. Acts ch. 406, sec. 6, effective July 15, 1982. -- Amended 1960 Ky. Acts
ch. 100, sec. 3, effective June 16, 1960. -- Amended 1954 Ky. Acts ch. 225, sec. 3. --
Amended 1950 Ky. Acts ch. 192, sec. 8 -- Amended 1946 Ky. Acts ch. 130, sec. 1. --
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat.
sec. 4636-33.