Ky. Rev. Stat. § 304.1-040 : BUSINESS AND FINANCIAL INSTITUTIONS — INSURANCE CODE — SCOPE - GENERAL DEFINITIONS AND PROVISIONS —040 - "Insurer" defined TEXT PDF "Insurer" includes every person engaged as principal and as indemnitor, surety, or contractor in the business of entering into contracts of insurance. KRS 304.1-040 Effective:6/18/1970 Created 1970 Ky. Acts ch. 301, subtit. 1, sec. 4, effective6/18/1970.