§ 299.010 Definitions and application
§ 299.011 Assessment
§ 299.015 Nature of policy to be stated on face
§ 299.017 Effect of failure to operate for one year — Termination of new licensing beginning July 15, 1998
§ 299.019 Reporting and filing requirements
§ 299.020 Companies deemed engaged in life or casualty insurance business upon the cooperative or assessment plan
§ 299.030 Organization of a domestic company
§ 299.040 Authorization of a domestic company to do business — Requirements — When may begin business
§ 299.045 Subsequent licensure of assessment or cooperative life insurance companies prohibited
§ 299.050 Guaranty fund — Creation — Investments — Deposit of securities — Use of fund — Rights of holders of certificates
§ 299.060 Emergency fund — Creation — Use — Administration on discontinuance of business — Reserve fund
§ 299.070 Abandonment of charter by a company — Period for which charter is in force
§ 299.100 Annual meeting — Adoption and amendment of bylaws — Examination of books
§ 299.110 Election of officers
§ 299.120 Annual statement of condition
§ 299.130 Application, rule or bylaw referred to as having bearing on contract must accompany policy — Use as evidence — Type size
§ 299.140 Policy to state contract for payment — Limit of amount — Liability for payment
§ 299.150 Insurable age — Insurable interest — Change of beneficiary
§ 299.160 Notice of assessment — Classification of expense
§ 299.170 Examination of policyholder claiming benefits
§ 299.180 Suspension of company from doing business on failure to pay loss — Impounding of collections
§ 299.190 Investigation and action against company failing to pay loss — Court to close business and appoint receiver
§ 299.200 Liability of officers of company failing to levy assessment to pay death claim
§ 299.210 Reinsurance
§ 299.215 Fees of Department of Insurance
§ 299.220 Assessment or cooperative life or casualty company may change to stock or mutual plan
§ 299.230 Meeting to change form of company — Notice — Vote necessary to change
§ 299.240 Fixing amount and shares of capital stock — Sale of stock
§ 299.250 Requirements for reorganized company to begin business
§ 299.260 Types of insurance that may be written by a reorganized company
§ 299.270 Directors of reorganized company — Election — Powers
§ 299.280 Handling of assessment policies previously written
§ 299.290 Use of surplus of former company — Assets and liabilities
§ 299.300 Ascertainment and payment of interest of policyholders dissenting to change — Additional reserve fund
§ 299.310 Organization of assessment or cooperative company to write certain insurance other than life — Membership — Preliminary bond
§ 299.320 Authorization to do business — Requirements
§ 299.330 Territory in which company may do business — Change — Removal of office
§ 299.340 Directors and officers — Election — Term of office — Powers of directors — Quorum — Bonds
§ 299.350 Annual meeting — Votes — Bylaws — Books
§ 299.360 Classification of insured property — Separation of risks
§ 299.370 Reserve fund — Source — Use — Investment
§ 299.380 Issuance of policies — Amount of single risk limited by total insurance in force
§ 299.390 Assessment contract — Lien — Notice and adjustment of loss
§ 299.400 Collection and use of membership or policy fees — Levy and collection of assessments
§ 299.410 Notice of assessment — Form and service
§ 299.420 Maximum liability of policyholders for assessments
§ 299.430 Action to collect unpaid assessments — Exclusion of policyholder — Refund
§ 299.440 Withdrawal of member — Admission of members after organization
§ 299.450 Annual statement of condition
§ 299.460 Examination of companies by commissioner — Action against violators
§ 299.470 Companies organized under a special charter
§ 299.480 Organization of a reinsurance company by mutual or assessment and cooperative fire insurance companies
§ 299.490 Admission and withdrawal of member companies of reinsurance company
§ 299.500 Policies of reinsurance — Rates — Directors — Liability of member companies — Limitation of risks
§ 299.510 Reinsurance of risks by mutual or assessment and cooperative fire insurance companies
§ 299.520 Filing of copies of reinsurance contracts with the commissioner — Inspection
§ 299.530 Annual report on reinsurance premiums — Tax on premiums paid to unauthorized companies
§ 299.540 Fees of Department of Insurance
§ 299.550 Change to mutual plan of company writing insurance other than life
§ 299.990 Penalties
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Terms Used In Kentucky Statutes > Chapter 299 - Assessment or Cooperative Insurance

  • Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney: means attorney-at-law. See Kentucky Statutes 446.010
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
  • Commissioner: means the commissioner of the Department of Insurance. See Kentucky Statutes 299.010
  • Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
  • 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
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fraud: Intentional deception resulting in injury to another.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Oath: A promise to tell the truth.
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
  • Sworn: includes "affirmed" in all cases in which an affirmation may be substituted for an oath. See Kentucky Statutes 446.010
  • Year: means calendar year. See Kentucky Statutes 446.010