Is there an ongoing relationship with DOI after licensure? What are the ongoing requirements?

Monitoring and Examination

• Material changes must be approved
• Board of Directors must hold annual meeting in Kentucky
• Retain deposit accounts with approved bank and retain captive manager doing business in Kentucky
• Captives are subject to examination by the DOI every 3-5 years
• Ongoing analysis of captive’s audited financial statements

How is confidentiality addressed?

• New statutory changes permit business to designate some or all of its application, examination reports, and other documents as confidential and proprietary