Subtitle 24. Domestic Stock and Mutual Insurers  


24-010. Scope.
24-020. Definitions.
24-030. Applicability of general corporation statutes.
24-040. Incorporation of domestic stock, combined stock and mutual life, or mutual insurers -- Votes allotted to stockholders and policyholders.
24-050. Procedures preliminary to qualification.
24-060. Qualification of newly organized stock insurer.
24-070. Completion of incorporation -- General powers and duties.
24-080. Amendment of articles of incorporation -- Mutual insurers.
24-090. Amendment of articles of incorporation -- Stock insurers.
24-095. Articles of incorporation of a combined stock and mutual life insurance company -- Possible amendments.
24-100. Formation of mutual -- Initial qualifications.
24-110. Formation of mutual -- Bond.
24-120. Formation of mutual -- Applications for insurance.
24-130. Formation of mutual -- Trust deposit of premiums.
24-140. Formation of mutual -- Failure to qualify.
24-150. Additional kinds of insurance -- Mutuals.
24-160. Membership in mutuals.
24-170. Bylaws of mutual.
24-180. Rights of mutual members in general.
24-190. Meetings of members of mutual insurer.
24-200. Special meetings of members of mutual insurer.
24-210. Voting rights of mutual members.
24-220. Contingent liability of mutual member.
24-230. Levy of contingent liability.
24-240. Enforcement of contingent liability.
24-250. Nonassessable policies -- Mutual insurers.
24-260. Nonassessable policies -- Revocation of authority.
24-270. Prohibited pecuniary interests.
24-280. Management and exclusive agency contracts.
24-290. Principal office -- Records -- Assets.
24-300. Borrowed surplus.
24-310. Participating policies.
24-320. Dividends to stockholders.
24-330. Dividends to policyholders.
24-340. Issuance of policies in other states.
24-350. Impairment of capital or assets.
24-360. Mutualization of stock insurer.
24-370. Conversion of stock insurer to ordinary business corporation.
24-380. Repealed, 2000 . [Repealed]
24-390. Merger -- Consolidation of insurers.
24-400. Affiliations of stock insurers.
24-410. Repealed, 2000. [Repealed]
24-415. Report disclosing material acquisitions and dispositions of assets, nonrenewals, cancellations, or revisions of ceded reinsurance agreements -- Exceptions.
24-420. Bulk reinsurance.
24-430. Voluntary dissolution.
24-440. Mutual member's share of assets on liquidation.
24-500. Approval of foreign insurer as domestic insurer -- Transfer of domicile of domestic insurer to another state -- Continuance of certificate of authority upon transfer of corporate domicile after merger or consolidation.
Insurer Demutualization
24-600. Conversion of domestic mutual insurer to stock insurer.
24-601. Definitions for KRS 304.24-600 to 304.24-625.
24-603. Amendment of articles of incorporation -- Plan of conversion.
24-605. Application for approval of plan of conversion -- Actuarial opinion.
24-607. Commissioner's review of plan of conversion -- Hearing and comments -- Approval or disapproval.
24-609. Findings requiring commissioner's approval of plan -- Hiring of experts -- Deposits in anticipation of expenses -- Commissioner may consider effect of insurer's past actions.
24-611. Vote on plan of conversion and proposed amendments -- Meeting of members -- Notice of right to vote and accompanying materials -- Voting by proxy.
24-613. Effect of conversion.
24-615. Consideration distributed to eligible members.
24-617. Fairness of method or formula in plan of conversion.
24-619. Dividend preservation provisions.
24-621. Use of closed block to preserve dividend expectations.
24-623. Acquisition of beneficial ownership of voting securities after conversion.
24-625. Sale or issuance of stock or other security after conversion.