Rights of mutual members in general
KRS 304.24-180
in effect304.24-180. 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.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 24, sec. 18, effective June 18, 1970.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29550Fetched: 10/20/2026
