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299.010 Definitions and application.
(1)
(2)
(3)
(4)
The provisions of this chapter do not apply to secret or fraternal societies,
lodges, or councils that are under the supervision of a grand or supreme body
and secure members through the lodge system exclusively, and pay no
commissions and employ no agents except in the organization and supervision
of the work of local subordinate lodges or councils, nor do they apply to
companies, societies or associations organized under the authority and
patronage of any church or religious denomination for the exclusive purpose of
insuring the property of churches or religious denominations and the personal
property of the pastors and ministers thereof against loss or damage by fire,
lightning or storm.
As used in this chapter, unless the context requires otherwise:
(a) "Commissioner" means the commissioner of the Department of
Insurance;
(b) "Policy" means any policy, certificate of membership, or contract of
insurance;
"Company," as used in KRS 299.020 to 299.300, means any corporation,
association or society transacting in this state a life or casualty insurance
business, or both, upon the cooperative or assessment plan, as defined in KRS
299.020;
"Company," as used in KRS 299.310 to 299.470, means any corporation
organized under KRS 299.310 and 299.320 for the purpose of transacting, and
any company heretofore organized under any similar law of this state or under
the general corporation laws of this state that is transacting, the business of
insurance against physical loss or damage of property by such hazard or
hazards as it may provide in its policies, upon the cooperative or assessment
plan.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 880, effective July 15, 2010. -Amended 1966 Ky. Acts ch. 255, sec. 239. -- Amended 1960 Ky. Acts ch. 75,
sec. 1, effective June 16, 1960. -- Amended 1950 Ky. Acts ch. 21, sec. 3,
effective September 1, 1950. -- Amended 1944 Ky. Acts ch. 80, sec. 3. -Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 641, 664, 702, 719.
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