KRS 304.24-160: Membership in mutuals.

(1) Each policyholder of a domestic mutual insurer, other than of a reinsurance

contract, is a member of the insurer with all rights and obligations of such

membership, and the policy shall so specify.

(2) Any person, government or governmental agency, state o r political subdivision

thereof, public or private corporation, board, association, firm, estate, trustee or

fiduciary may be a member of a domestic, foreign, or alien mutual insurer. Any

officer, stockholder, trustee or legal representative of any such co rporation, board,

association or estate may be recognized as acting for or on its behalf for the purpose

of such membership, and shall not be personally liable upon any contract of

insurance for acting in such representative capacity.

(3) Any domestic corp oration may participate as a member of a mutual insurer as an

incidental purpose for which such corporation is organized.