Construction of Chapter

010. Definitions and application.

011. Assessment.

015. Nature of policy to be stated on face.

017. Effect of failure to operate for one year -- Termination of new licensing beginning July 15, 1998.

019. Reporting and filing requirements.

Life and Casualty Insurance

020. Companies deemed engaged in life or casualty insurance business upon the cooperative or assessment plan.

030. Organization of a domestic company.

040. Authorization of a domestic company to do business -- Requirements -- When may begin business.

045. Subsequent licensure of assessment or cooperative life insurance companies prohibited.

050. Guaranty fund -- Creation -- Investments -- Deposit of securities -- Use of fund -- Rights of holders of certificates.

060. Emergency fund -- Creation -- Use -- Administration on discontinuance of business -- Reserve fund.

070. Abandonment of charter by a company -- Period for which charter is in force.

080. Repealed, 1950. [Repealed]

090. Repealed, 1950. [Repealed]

100. Annual meeting -- Adoption and amendment of bylaws -- Examination of books.

110. Election of officers.

120. Annual statement of condition.

130. Application, rule or bylaw referred to as having bearing on contract must accompany policy -- Use as evidence -- Type size.

140. Policy to state contract for payment -- Limit of amount -- Liability for payment.

150. Insurable age -- Insurable interest -- Change of beneficiary.

160. Notice of assessment -- Classification of expense.

170. Examination of policyholder claiming benefits.

180. Suspension of company from doing business on failure to pay loss -- Impounding of collections.

190. Investigation and action against company failing to pay loss -- Court to close business and appoint receiver.

200. Liability of officers of company failing to levy assessment to pay death claim.

210. Reinsurance.

215. Fees of Department of Insurance.

Change of Life or Casualty Company from Assessment or Cooperative Plan to Stock or Mutual Plan

220. Assessment or cooperative life or casualty company may change to stock or mutual plan.

230. Meeting to change form of company -- Notice -- Vote necessary to change.

240. Fixing amount and shares of capital stock -- Sale of stock.

250. Requirements for reorganized company to begin business.

260. Types of insurance that may be written by a reorganized company.

270. Directors of reorganized company -- Election -- Powers.

280. Handling of assessment policies previously written.

290. Use of surplus of former company -- Assets and liabilities.

300. Ascertainment and payment of interest of policyholders dissenting to change -- Additional reserve fund.

Insurance Other Than Life

310. Organization of assessment or cooperative company to write certain insurance other than life -- Membership -- Preliminary bond.

320. Authorization to do business -- Requirements.

330. Territory in which company may do business -- Change -- Removal of office.

340. Directors and officers -- Election -- Term of office -- Powers of directors -- Quorum -- Bonds.

350. Annual meeting -- Votes -- Bylaws -- Books.

360. Classification of insured property -- Separation of risks.

370. Reserve fund -- Source -- Use -- Investment.

380. Issuance of policies -- Amount of single risk limited by total insurance in force.

390. Assessment contract -- Lien -- Notice and adjustment of loss.

400. Collection and use of membership or policy fees -- Levy and collection of assessments.

410. Notice of assessment -- Form and service.

420. Maximum liability of policyholders for assessments.

430. Action to collect unpaid assessments -- Exclusion of policyholder -- Refund.

440. Withdrawal of member -- Admission of members after organization.

450. Annual statement of condition.

460. Examination of companies by commissioner -- Action against violators.

470. Companies organized under a special charter.

480. Organization of a reinsurance company by mutual or assessment and cooperative fire insurance companies.

481. Renumbered as KRS 299.490, effective 1950. [Renumbered]

482. Renumbered as KRS 299.500, effective 1950. [Renumbered]

483. Renumbered as KRS 299.510, effective 1950. [Renumbered]

484. Renumbered as KRS 299.520, effective 1950. [Renumbered]

486. Renumbered as KRS 299.530, effective 1950. [Renumbered]

490. Admission and withdrawal of member companies of reinsurance company.

500. Policies of reinsurance -- Rates -- Directors -- Liability of member companies -- Limitation of risks.

510. Reinsurance of risks by mutual or assessment and cooperative fire insurance companies.

520. Filing of copies of reinsurance contracts with the commissioner -- Inspection.

530. Annual report on reinsurance premiums -- Tax on premiums paid to unauthorized companies.

540. Fees of Department of Insurance.

550. Change to mutual plan of company writing insurance other than life.

Penalties

990. Penalties.