Kentucky Revised Statutes
Subtitle 304.24 - Domestic Stock and Mutual Insurers
304.24-621 Use of closed block to preserve dividend expectations.

Kentucky Revised Statutes

Subtitle 304.24 - Domestic Stock and Mutual Insurers

304.24-010 Scope.

304.24-020 Definitions.

304.24-030 Applicability of general corporation statutes.

304.24-040 Incorporation of domestic stock, combined stock and mutual life, or mutual insurers -- Votes allotted to stockholders and policyholders.

304.24-050 Procedures preliminary to qualification.

304.24-060 Qualification of newly organized stock insurer.

304.24-070 Completion of incorporation -- General powers and duties.

304.24-080 Amendment of articles of incorporation -- Mutual insurers.

304.24-090 Amendment of articles of incorporation -- Stock insurers.

304.24-095 Articles of incorporation of a combined stock and mutual life insurance company -- Possible amendments.

304.24-100 Formation of mutual -- Initial qualifications.

304.24-110 Formation of mutual -- Bond.

304.24-120 Formation of mutual -- Applications for insurance.

304.24-130 Formation of mutual -- Trust deposit of premiums.

304.24-140 Formation of mutual -- Failure to qualify.

304.24-150 Additional kinds of insurance -- Mutuals.

304.24-160 Membership in mutuals.

304.24-170 Bylaws of mutual.

304.24-180 Rights of mutual members in general.

304.24-190 Meetings of members of mutual insurer.

304.24-200 Special meetings of members of mutual insurer.

304.24-210 Voting rights of mutual members.

304.24-220 Contingent liability of mutual member.

304.24-230 Levy of contingent liability.

304.24-240 Enforcement of contingent liability.

304.24-250 Nonassessable policies -- Mutual insurers.

304.24-260 Nonassessable policies -- Revocation of authority.

304.24-270 Prohibited pecuniary interests.

304.24-280 Management and exclusive agency contracts.

304.24-290 Principal office -- Records.

304.24-300 Borrowed surplus.

304.24-310 Participating policies.

304.24-320 Dividends to stockholders.

304.24-330 Dividends to policyholders.

304.24-340 Issuance of policies in other states.

304.24-350 Impairment of capital or assets.

304.24-360 Mutualization of stock insurer.

304.24-370 Conversion of stock insurer to ordinary business corporation.

304.24-380 Repealed, 2000.

304.24-390 Merger -- Consolidation of insurers.

304.24-400 Affiliations of stock insurers.

304.24-410 Repealed, 2000.

304.24-415 Report disclosing material acquisitions and dispositions of assets, nonrenewals, cancellations, or revisions of ceded reinsurance agreements -- Exceptions.

304.24-420 Bulk reinsurance.

304.24-430 Voluntary dissolution.

304.24-440 Mutual member's share of assets on liquidation.

304.24-500 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.

304.24-600 Conversion of domestic mutual insurer to stock insurer.

304.24-601 Definitions for KRS 304.24-600 to 304.24-625.

304.24-603 Amendment of articles of incorporation -- Plan of conversion.

304.24-605 Application for approval of plan of conversion -- Actuarial opinion.

304.24-607 Commissioner's review of plan of conversion -- Hearing and comments -- Approval or disapproval.

304.24-609 Findings requiring commissioner's approval of plan -- Hiring of experts -- Deposits in anticipation of expenses -- Commissioner may consider effect of insurer's past actions.

304.24-611 Vote on plan of conversion and proposed amendments -- Meeting of members -- Notice of right to vote and accompanying materials -- Voting by proxy.

304.24-613 Effect of conversion.

304.24-615 Consideration distributed to eligible members.

304.24-617 Fairness of method or formula in plan of conversion.

304.24-619 Dividend preservation provisions.

304.24-621 Use of closed block to preserve dividend expectations.

304.24-623 Acquisition of beneficial ownership of voting securities after conversion.

304.24-625 Sale or issuance of stock or other security after conversion.