KRS 304.24-600: Conversion of domestic mutual insurer to stock insurer.

(1) A domestic mutual insurer may convert to a stock insurer by amendment of its

articles of incorporation and upon compliance with the requirements of KRS

304.24-600 to 304.24 -625 and the applicable requirements of this subtitle and

Subtitle 3 of this chapter.

(2) A domestic mutual insurer shall only convert to a stock insurer in accordance with a

plan of conversion approved by the commissioner.