{"data":{"id":"us-ky/krs-304.24-140","jurisdiction":"us-ky","citation":"KRS 304.24-140","heading":"Formation of mutual -- Failure to qualify.","body":"If the proposed domestic insurer fails to complete its organization and to secure its\noriginal certificate of authority within one (1) year after the date of its certificate of\nincorporation, its corporate powers shall cease, and the commissioner shall ret urn or\ncause to be returned to the persons entitled thereto all advance deposits or payments of\npremiums held in trust under KRS 304.24-130.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29546","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:51Z","sha256":"fcd63e645d42a749b8eaef64d12e5ecc83ffb40491e3c9fbc564a91dab26eee2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.24-130","next":"us-ky/krs-304.24-150"},"notice":"GroundRules: Original legal text. Not legal advice."}