KRS 299.100: Annual meeting -- Adoption and amendment of bylaws -- Examination of

books.

(1) Every company shall hold, within the county in which its principal office is located

in this state, a stated annual meeting of its members or policyholders, or

representatives of local boards or subordinate bodies, in the manner and subject to

the regulations, restrictions and provisions that its constitution and bylaws provide.

(2) Every company authorized to do business in this state may, at any stated annual

meeting of its members or policyholders, adopt or amend its bylaws, rules and

regulations. I f the board of directors determines that an emergency has arisen

requiring the adoption or amendment of any bylaw, rule or regulation before the

next ensuing stated annual meeting, the board shall mail a copy of the bylaw, rule or

regulation to the members and directors of the company, together with a notice of

the time and place when the same will be considered, which notice shall be the

same as required for a stated meeting. The bylaws, rules, regulations and

amendments thereto adopted from time to time a t the stated annual meeting, or at

any meeting made necessary by an emergency, shall be binding on all members and

policyholders of the company, whether or not personally present at the meeting

when the same were adopted.

(3) The books and papers of each c ompany shall at all times be open for examination

by the commissioner, and shall be open for examination by a committee of

members or policyholders duly selected, authorized and empowered for that

purpose by a writing signed by a majority of the members or policyholders of the

company, which written authority shall be presented to and filed with the company

before any examination is made by the committee.