Ky. Rev. Stat. » Chapter 304
Kentucky Revised Statutes

Ky. Rev. Stat. § 304.5-130 (2026)

"Reinsurance" defined

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"Reinsurance" is a contract under which an originating insurer (called the "ceding" insurer) procures insurance for itself in another insurer (called the "assuming" insurer or the "reinsurer") with respect to part or all of an insurance risk of the originating insurer. Effective: June 18, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 5, sec. 13, effective June 18, 1970.

Notes of Decisions
Cited in 2 cases, 1995–2014 · leading case: Deans & Homer, Inc. v. Commonwealth, Pub. Prot. Cabinet, Kentucky Dep't of Ins., 451 S.W.3d 659 (Ky. Ct. App. 2014).
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Deans & Homer, Inc. v. Commonwealth, Pub. Prot. Cabinet, Kentucky Dep't of Ins., 451 S.W.3d 659 (Ky. Ct. App. 2014). “KRS 304.5-130. But before the appellant can be a reinsurer, the operator must be a ceding insurer, and before the operator can be a ceding insurer, it must first be an insurer.”
Albany Ins. Co. v. Stephens, 926 S.W.2d 460 (Ky. Ct. App. 1995). “1-040, but also by KRS 304.5-130’s definition of “reinsurance” as: a contract under which an originating insurer (called the “ceding” insurer) procures insurance for itself in another insurer (called the “assuming” insurer or the “reinsurer”) with respect to part or all of an…”
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