KRS 304.37-520: Applicability of Subtitle 33.

A mutual insurance holding company is deemed to be an insurer subject to Subtitle 33 of

this chapter and shall automatically be a party to any proceeding under Subtitle 33 of this

chapter involving an insurance company which, as a result of a reorganization under KRS

304.37-505, is a subsidiary of the mutual insurance company. In any proceeding under

Subtitle 33 of this chapter involving the reorganized insurance company, the assets of the

mutual insurance holding company are deemed to be assets of the esta te of the

reorganized insurance company for purposes of satisfying the claims of the recognized

insurance company's policyholders. A mutual insurance holding company shall not

dissolve or liquidate without the approval of the commissioner or as ordered by the court

under Subtitle 33 of this chapter.