{"data":{"id":"us-ky/krs-304.24-400","jurisdiction":"us-ky","citation":"KRS 304.24-400","heading":"Affiliations of stock insurers.","body":"(1) A domestic stock insurer shall not acquire a controlling interest in the shares of\nanother stock insurer by an exchange of securities or partly in exchange for\nsecurities and partly for cash or property, unless the insurer has first submitted the\nplan for such acquisition and exchange to the commissioner and the commissioner\nhas approved the same.\n(2) The commissioner shall not so approve unless he or she finds the plan for such\nacquisition and exchange and the terms and conditions thereof to be fair and\nequitable to all parties concerned therein, after a hearing to which all persons to\nwhom it is proposed to issue securities in such exchange shall have the right to\nappear.\n(3) Notice and conduct of such hearing shall be as provided in Subtitle 2.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29572","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:51Z","sha256":"b46bca068c0ffdb6b08f434e934fe03e13e2d40d6fba1a8488d87594e87e3a5d","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.24-390","next":"us-ky/krs-304.24-410"},"notice":"GroundRules: Original legal text. Not legal advice."}