Kentucky Statutes 304.24-010 – Scope
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(1) This subtitle shall apply only to domestic stock insurers, domestic combined stock and mutual life insurers, and domestic mutual insurers transacting or proposing to transact insurance on the cash premium or legal reserve plan, except that KRS
304.24-160, 304.24-250, and 304.24-310 shall also apply to foreign and alien insurers.
(2) All provisions of this subtitle relating to stock companies and all such provisions relating to mutual companies shall, so far as applicable, relate to and govern combined stock and mutual life companies and the rights of stockholders and participating policyholder members thereof.
Effective: July 13, 1984
History: Amended 1984 Ky. Acts ch. 343, sec. 4, effective July 13, 1984. — Created
1970 Ky. Acts ch. 301, subtit. 24, sec. 1, effective June 18, 1970.
304.24-160, 304.24-250, and 304.24-310 shall also apply to foreign and alien insurers.
Terms Used In Kentucky Statutes 304.24-010
- Domestic: when applied to a corporation, partnership, business trust, or limited liability company, means all those incorporated or formed by authority of this state. See Kentucky Statutes 446.010
- Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
(2) All provisions of this subtitle relating to stock companies and all such provisions relating to mutual companies shall, so far as applicable, relate to and govern combined stock and mutual life companies and the rights of stockholders and participating policyholder members thereof.
Effective: July 13, 1984
History: Amended 1984 Ky. Acts ch. 343, sec. 4, effective July 13, 1984. — Created
1970 Ky. Acts ch. 301, subtit. 24, sec. 1, effective June 18, 1970.