{"data":{"id":"us-ky/krs-304.16-230","jurisdiction":"us-ky","citation":"KRS 304.16-230","heading":"Application of dividends, rate reductions.","body":"If a policy dividend is hereafter declared or a reduction in rate is hereafter made or\ncontinued for the first or any subsequent year of insurance under any policy of group life\ninsurance heretofore or hereafter issued to any policyholder, the excess, if a ny, of the\naggregate dividends or rate reductions under such policy and all other group insurance\npolicies of the policyholder over the aggregate expenditure for insurance under such\npolicies made from funds contributed by the policyholder, or by an employ er of insured\npersons, or by a union or association to which the insured persons belong, including\nexpenditures made in connection with administration of such policies, shall be applied by\nthe policyholder for the sole benefit of insured employees or members.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=17285","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:45Z","sha256":"edb7fdaffcf527d88dcc83e598cffac9820553c95394e38c657dc4bd69c303f5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.16-220","next":"us-ky/krs-304.160"},"notice":"GroundRules: Original legal text. Not legal advice."}