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2009 Kentucky Revised Statutes
Subtitle 3. Authorization of Insurers and General Requirements
304.3.010 "Stock" insurer defined.

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304.3-010 &quot;Stock&quot; insurer defined. A &quot;stock&quot; insurer is an incorporated insurer with its capital divided into shares and owned <br>by its shareholders. Any company chartered by special act of the legislature of its state of <br>domicile prior to June 18, 1970, as a company without capital stock but doing business <br>exclusively on the stock plan, and so stated on its policies, and maintaining at all times <br>surpluses as required by this code, shall in the administration of this code be considered <br>as a &quot;stock&quot; insurer. Effective: June 18, 1970 <br>History: Created 1970 Ky. Acts ch. 301, subtit. 3, sec. 1, effective June 18, 1970.

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