Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.16-080.Association groups

(a) At the outset a minimum of one hundred (100) persons;

(b) Legally been in active existence for at least two (2) years;

(c) A constitution and bylaws which provide that:

1. The association or associations hold regular meetings not less than annually to further purposes of the members;

2. Except for credit unions, the association or associations collect dues or solicit contributions from members; and

3. Members have voting privileges and representation on the governing board and committees; and

(d) Been organized and maintained in good faith for purposes other than that of obtaining insurance.

(a) The policy shall insure members of the association or associations, employees thereof or employees of members, or one (1) or more of the preceding, or all of any class or classes thereof for the benefit of persons other than the employee's employer;

(b) The premium for the policy shall be paid from funds contributed by the association or associations, or by employer members, or by both, or from funds contributed by the covered persons, or from both the covered persons and the association, associations, or employer members;

(c) Except as provided in paragraph (d) of this subsection, a policy on which the premium is not to be derived from funds contributed by the covered persons specifically for the insurance shall insure all persons, except those who reject the coverage in writing; and

(d) An insurer may exclude or limit the coverage on any person for whom evidence of individual insurability is not satisfactory to the insurer.