KRS 304.12-180: Interlocking ownership, management.

(1) Any insurer may retain, invest in or acquire the whole or any part of the capital

stock of any other insurer or insurers, or have a common management with any

other insurer or insurers, unless such retention, investment, acquisition or common

management is inconsistent with any other provision of this code, or unless by

reason thereof the business of such insurers with the public is conducted in a

manner which substantially lessens competition generally in the insurance business

or tends to create any monopoly therein.

(2) Any person otherwise qualified may be a director of two (2) or more insurers which

are competitors, unless the effect thereof is to lessen substantially competition

between insurers generally or tends materially to create any monopoly.