KRS 299.030: Organization of a domestic company.

(1) Persons desiring to form an organization for the purpose of transacting the business

of life or casualty insurance, or both, upon the assessment or cooperative plan, may

associate together and effect an organization as prescribed in this section.

(2) Any number of persons not less than thirteen (13) may associate to establish such an

insurance company.

(3) In addition to the general requirements for all corporations, the articles of

incorporation shall specify the class of insurance the company proposes to transact;

and on what business plan or principle; the number and amount of agreements for

insurance, if any; and such other facts as may be necessary to explain and make

manifest the object and purposes of the corporation. The words "insurance

company" shall be a part of the title of every such corporation, and also the word

"mutual."

(4) In addition to complying with the provisions of KRS Chapter 271B, the

incorporators shall file a certified copy of the articles of incorporation in the office

of the commissioner.