Kentucky Revised Statutes
Includes enactments through the 2024 Regular Session
The KRS database was last updated on 10/09/2024
.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.
.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.24-380 Repealed, 2000 .
.24-390 Merger -- Consolidation of insurers.
.24-400 Affiliations of stock insurers.
.24-410 Repealed, 2000.
.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.
.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.