Ky. Rev. Stat. § 304.24-180

Current through 2024 Ky. Acts ch. 225

Section 304.24-180 - Rights of mutual members in general

(1) A domestic mutual insurer is owned by and shall be operated in the interest of its members.

(2) With respect to the management, records and affairs of the insurer, a member of a mutual insurer shall have the same character of rights and relationship as a stockholder has toward a domestic stock insurer, subject to the provisions of this code.

KRS 304.24-180

Effective:6/18/1970
Created 1970 Ky. Acts ch. 301, subtit. 24, sec. 18, effective6/18/1970.