Kentucky Revised Statutes (Last Updated: May 10, 2014) |
TITLE XXV. BUSINESS AND FINANCIAL INSTITUTIONS |
CHAPTER 304. INSURANCE CODE |
Subtitle 24. Domestic Stock and Mutual Insurers |
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. |