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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.24-600.Conversion of domestic mutual insurer to stock insurer

Current as of January 01, 2024 | Updated by FindLaw Staff

(1) A domestic mutual insurer may convert to a stock insurer by amendment of its articles of incorporation and upon compliance with the requirements of KRS 304.24-600 to 304.24-625 and the applicable requirements of this subtitle and Subtitle 3 of this chapter.

(2) A domestic mutual insurer shall only convert to a stock insurer in accordance with a plan of conversion approved by the commissioner.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.24-600.Conversion of domestic mutual insurer to stock insurer - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-24-600/

Read this complete Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.24-600.Conversion of domestic mutual insurer to stock insurer on Westlaw. Westlaw subscription required.

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