Kentucky § 38691.5 - 140 Credit for reinsurance allowed to ceding insurer -- Assuming insurer doing business in Kentucky and other states -- Trust for payment of claims -- Credit allowed when assuming insurer is certified and secures obligations -- Criteria for allowing credit to assuming insurer in reciprocal jurisdiction -- Qualified jurisdictions -- Credit allowed when assuming insurer does not meet requirements -- Trust agreements -- Suspension and revocation -- Management of recoverables -- Deferred posting of security -- Credit allowed as asset or deduction from liability -- Administrative regulations.
Full text of Kentucky Kentucky Revised Statutes § 38691.5 — 140 Credit for reinsurance allowed to ceding insurer -- Assuming insurer doing business in Kentucky and other states -- Trust for payment of claims -- Credit allowed when assuming insurer is certified and secures obligations -- Criteria for allowing credit to assuming insurer in reciprocal jurisdiction -- Qualified jurisdictions -- Credit allowed when assuming insurer does not meet requirements -- Trust agreements -- Suspension and revocation -- Management of recoverables -- Deferred posting of security -- Credit allowed as asset or deduction from liability -- Administrative regulations., with citation guidance and answers to common questions.
§ 38691.5. 140 Credit for reinsurance allowed to ceding insurer -- Assuming insurer doing business in Kentucky and other states -- Trust for payment of claims -- Credit allowed when assuming insurer is certified and secures obligations -- Criteria for allowing credit to assuming insurer in reciprocal jurisdiction -- Qualified jurisdictions -- Credit allowed when assuming insurer does not meet requirements -- Trust agreements -- Suspension and revocation -- Management of recoverables -- Deferred posting of security -- Credit allowed as asset or deduction from liability -- Administrative regulations.
Source: official Kentucky text · Last verified 2026-08-27
Frequently Asked Questions About Kentucky § 38691.5
What does Kentucky Revised Statutes § 38691.5 cover?
Section 38691.5 ("140 Credit for reinsurance allowed to ceding insurer -- Assuming insurer doing business in Kentucky and other states -- Trust for payment of claims -- Credit allowed when assuming insurer is certified and secures obligations -- Criteria for allowing credit to assuming insurer in reciprocal jurisdiction -- Qualified jurisdictions -- Credit allowed when assuming insurer does not meet requirements -- Trust agreements -- Suspension and revocation -- Management of recoverables -- Deferred posting of security -- Credit allowed as asset or deduction from liability -- Administrative regulations.") is part of the Kentucky Revised Statutes, the codified statutory law of Kentucky. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Kentucky § 38691.5?
A common citation format is "Kentucky Revised Statutes § 38691.5" (Kentucky). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Kentucky law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Kentucky official source linked on this page or consult a licensed Kentucky attorney.
How does Kentucky § 38691.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Kentucky can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Kentucky.