KRS 304.26-080: Inapplicability of KRS 304.26 -030 to 304.26 -050, inclusive, to equity

securities of domestic stock insurers.

The provisions of KRS 304.26 -030 to 304.26 -050, inclusive, do not apply to equity

securities of a domestic stock insurer if:

(1) Such securities are registered, or are required to be registered, pursuant to Section

12 of the Securities Exchange Act of 1934, as amended; or

(2) Such domestic stock insurer has not any class of its equity securities held of record

by one hundred (100) or more pe rsons on the last business day of the year next

preceding the year in which equity securities of the insurer would be subject to the

provisions of KRS 304.26 -030 to 304.26 -050, inclusive, except for the provisions

of this subsection.