KRS 304.3-010: "Stock" insurer defined.

A "stock" insurer is an incorporated insurer with its capital divided into shares and owned

by its shareholders. Any company chartered by special act of the legislature of its state of

domicile prior to June 18, 1970, as a company without capital stock but doing business

exclusively on the stock plan, and so stated on its policies, and maintaining at all times

surpluses as required by this code, shall in the administration of this code be considered

as a "stock" insurer.