Ky. Rev. Stat. § 304.24-600

Current through 2024 Ky. Acts ch. 225

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

(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.

KRS 304.24-600

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1350, effective7/15/2010. -- Created 2000, Ky. Acts ch. 42, sec. 1, effective 7/14/2000.