{"data":{"id":"us-ky/krs-304.24-330","jurisdiction":"us-ky","citation":"KRS 304.24-330","heading":"Dividends to policyholders.","body":"(1) The directors of a mutual insurer may from time to time apportion and pay to its\nmembers dividends only out of that part of its surplus which is in excess of its\nrequired minimum surplus and which represents net realized savings and net\nrealized earnings.\n(2) Such dividends shall be paid or credited to policyholders according to such\nreasonable classifications of its policies as the directors may in their discretion from\ntime to time establish. No dividend shall be paid which unfairly discriminates as\nbetween policies within the same classification.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29565","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:51Z","sha256":"39dfe7cba13ab6eb0292f26bd43502cbde50c3d6ae3631c388b8a392bc51c55c","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.24-320","next":"us-ky/krs-304.24-340"},"notice":"GroundRules: Original legal text. Not legal advice."}