republic-os/legislation/us/states/ky/2018rs/hb-464.md

---
type: "Bill"
title: "AN ACT relating to credit for reinsurance. Amend KRS 304.5-140 to define \"NAIC\"; allow commissioner of Department of Insurance to promulgate administrative regulations establishing additional requirements for certain reinsurance arrangements; require accredited reinsurers to demonstrate adequate financial capacity; authorize reduction in trusteed surplus for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for assuming insurers that have been certified or seek to be certified as a reinsurer in Kentucky; require the commissioner to publish a list of qualified jurisdictions under which assuming insurers are eligible to be considered for certification as a reinsurer; require the commissioner to assign and publish a list setting forth the rating for each certified reinsurer; authorize the commissioner to suspend or revoke a reinsurer's accreditation or certification and establish due process procedures; establish requirements for the management of a ceding insurer's reinsurance recoverables; allow the commissioner to permit a certified reinsurer to defer posting security for catastrophic recoverables under certain circumstances; include certain exempted assets as acceptable forms of security permitted for certain reinsurance arrangements; authorize commissioner to promulgate administrative regulations; make conforming amendments; EFFECTIVE January 1, 2019."
description: "AN ACT relating to credit for reinsurance. Amend KRS 304.5-140 to define \"NAIC\"; allow commissioner of Department of Insurance to promulgate administrative regulations establishing additional requirements for certain reinsurance arrangements; require accredited reinsurers to demonstrate adequate financial capacity; authorize reduction in trusteed surplus for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for assuming insurers that have been certified or seek to be certified as a reinsurer in Kentucky; require the commissioner to publish a list of qualified jurisdictions under which assuming insurers are eligible to be considered for certification as a reinsurer; require the commissioner to assign and publish a list setting forth the rating for each certified reinsurer; authorize the commissioner to suspend or revoke a reinsurer's accreditation or certification and establish due process procedures; establish requirements for the management of a ceding insurer's reinsurance recoverables; allow the commissioner to permit a certified reinsurer to defer posting security for catastrophic recoverables under certain circumstances; include certain exempted assets as acceptable forms of security permitted for certain reinsurance arrangements; authorize commissioner to promulgate administrative regulations; make conforming amendments; EFFECTIVE January 1, 2019."
jurisdiction: "us/states/ky"
legislature: "Kentucky General Assembly"
session: "2018RS"
identifier: "HB 464"
citation: "Kentucky HB 464 (2018RS)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["B. Rowland", "J. Gooch Jr.", "S. Riggs"]
version_count: 4
action_count: 27
vote_count: 0
first_action: "2018-02-23"
last_action: "2018-04-26"
source: "openstates"
source_identifier: "ocd-bill/37ef4583-ebf4-4310-b601-74ad68a1002b"
source_url: "http://www.lrc.ky.gov/record/18RS/HB464.htm"
source_hash: "2db820baa4ef2b0c9b31d055141485ae617ecbd67bb2aac633dc339701863f2a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ky"]
---

# Kentucky HB 464 (2018RS) — AN ACT relating to credit for reinsurance. Amend KRS 304.5-140 to define "NAIC"; allow commissioner of Department of Insurance to promulgate administrative regulations establishing additional requirements for certain reinsurance arrangements; require accredited reinsurers to demonstrate adequate financial capacity; authorize reduction in trusteed surplus for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for assuming insurers that have been certified or seek to be certified as a reinsurer in Kentucky; require the commissioner to publish a list of qualified jurisdictions under which assuming insurers are eligible to be considered for certification as a reinsurer; require the commissioner to assign and publish a list setting forth the rating for each certified reinsurer; authorize the commissioner to suspend or revoke a reinsurer's accreditation or certification and establish due process procedures; establish requirements for the management of a ceding insurer's reinsurance recoverables; allow the commissioner to permit a certified reinsurer to defer posting security for catastrophic recoverables under certain circumstances; include certain exempted assets as acceptable forms of security permitted for certain reinsurance arrangements; authorize commissioner to promulgate administrative regulations; make conforming amendments; EFFECTIVE January 1, 2019.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **HB 464 (As Introduced)** (committee substitute) — [source](http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB464/orig_bill.pdf)
2. **Most Recent Version** (committee substitute) — [source](http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB464/bill.pdf)
3. **SCA1** (committee substitute) — [source](http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB464/SCA1.pdf)
4. **SCS1** (committee substitute) — [source](http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB464/SCS1.pdf)

## Sponsors

- B. Rowland — primary (person)
- J. Gooch Jr. — primary (person)
- S. Riggs — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-02-23** Introduced in House `introduction`
- **2018-02-26** To Banking & Insurance (H) `referral-committee`
- **2018-02-26** Posted in committee
- **2018-02-28** Reported favorably, 1st reading, to Consent Calendar `reading-1`
- **2018-03-01** 2nd reading, to Rules `reading-2`
- **2018-03-01** Posted for passage in the Consent Orders of the Day for Friday, March 2, 2018
- **2018-03-02** 3rd reading, passed 82-0 `reading-3, passage`
- **2018-03-05** Received in Senate
- **2018-03-06** To Banking & Insurance (S) `referral-committee`
- **2018-03-20** Reported favorably, 1st reading, to Consent Calendar `reading-1`
- **2018-03-21** 2nd reading, to Rules `reading-2`
- **2018-03-22** Posted for passage in the Consent Orders of the Day for Thursday, March 22, 2018
- **2018-03-22** Passed over and retained in the Consent Orders of the Day
- **2018-03-22** Taken from the Consent Orders of the Day
- **2018-03-22** Recommitted to State & Local Government (S)
- **2018-03-27** Reported favorably, to Rules with Committee Substitutes (1) committee amendment (1-title)
- **2018-03-27** Posted for passage in the Regular Orders of the Day for Tuesday, March 27, 2018
- **2018-03-27** 3rd reading, passed 34-3 with Committee Substitute (1) committee amendment (1-title) `reading-3, passage`
- **2018-03-27** Received in House
- **2018-03-27** To Rules (H) `referral-committee`
- **2018-04-13** Posted for passage for concurrence in Senate Committee Substitute and committee amendment (1-title)
- **2018-04-13** House concurred in Senate Committee Substitute and committee amendment (1-title)
- **2018-04-13** Bill passed 70-19
- **2018-04-14** Enrolled, signed by Speaker of the House
- **2018-04-14** Enrolled, signed by President of the Senate
- **2018-04-14** Delivered to Governor
- **2018-04-26** Signed by Governor (Acts, ch. 194) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/37ef4583-ebf4-4310-b601-74ad68a1002b`. Confidence: reported (aggregated from official Kentucky legislature records).