There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 37. Insurance Holding Company Systems
304.37.520 Applicability of Subtitle 33.
Download pdfthis chapter and shall automatically be a party to any proceeding under Subtitle 33 of this
chapter involving an insurance company which, as a result of a reorganization under KRS
304.37-505, is a subsidiary of the mutual insurance company. In any proceeding under
Subtitle 33 of this chapter involving the reorganized insurance company, the assets of the
mutual insurance holding company are deemed to be assets of the estate of the
reorganized insurance company for purposes of satisfying the claims of the recognized
insurance company's policyholders. A mutual insurance holding company shall not
dissolve or liquidate without the approval of the commissioner or as ordered by the court
under Subtitle 33 of this chapter. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1490, effective July 15, 2010. -- Created 1998 Ky. Acts ch. 546, sec. 5, effective July 15, 1998.
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