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2009 Kentucky Revised Statutes
Subtitle 3. Authorization of Insurers and General Requirements
304.3.025 "Combined stock and mutual life" insurer defined.

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304.3-025 &quot;Combined stock and mutual life&quot; insurer defined. A &quot;combined stock and mutual life&quot; insurer is an incorporated insurer with capital divided <br>into shares owned by its shareholders, but which is controlled by the votes both of its <br>stockholders and of its participating policyholder members to the extent any such rights <br>of membership are granted and specified in the insurer's policies or its articles of <br>incorporation. Effective: July 13, 1984 <br>History: Created 1984 Ky. Acts ch. 343, subtit. 1, effective July 13, 1984, effective June 18, 1970.

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