{"data":{"id":"us-ky/krs-299.490","jurisdiction":"us-ky","citation":"KRS 299.490","heading":"Admission and withdrawal of member companies of reinsurance company.","body":"(1) Any domestic mutual or assessment and cooperative fire insurance company may,\nwith the consent of the directors of the reinsurance company, become a member\nthereof by filing with the commissioner a certificate of its intention and a certificate\nshowing the  vote of its directors authorizing it to become a member of the\nreinsurance company.\n(2) Any member company may, by paying its proportion of the liabilities of the\nreinsurance company then existing, withdraw its membership from a reinsurance\ncompany. The m ember company shall certify to the commissioner its intention to\nwithdraw its membership, and give written notice to the secretary of the reinsurance\ncompany of its intention to withdraw thirty (30) days in advance. Upon withdrawal\nof any member company th e reinsurance company shall at once cancel all policies\nof insurance held by and through the company withdrawing.","path":["KRS Chapter 299"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=15876","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:27Z","sha256":"324a57317951f7e2dea74a7f888bb383a6d00814e6dabfc329929a2927a42c08","source_id":"us-ky","stale":false,"prev":"us-ky/krs-299.486","next":"us-ky/krs-299.500"},"notice":"GroundRules: Original legal text. Not legal advice."}