{"data":{"id":"us-ky/krs-304.37-545","jurisdiction":"us-ky","citation":"KRS 304.37-545","heading":"Approval of policy credit, dividend, or distribution.","body":"No policyholder who is a member of a mutual insurance holding company shall receive\nbecause of a membership interest any payment of a policy credit, dividend, or other\ndistribution unless the payment has been approved by the commissioner. The\ncommissioner, after a public hearing, if satisfied the proposed payment is fair and\nequitable to policyholders who are members, may approve the proposed payment and\nmay require as a condition of approval modification of the proposed payment as the\ncommissioner finds necessary for the protection of policyholders.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29954","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:56Z","sha256":"8a599d85c2c071bd3dbcbba6ef762ede25fcd1ad77d0cf39be4038bfc6b8f1cc","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.37-540","next":"us-ky/krs-304.37-550"},"notice":"GroundRules: Original legal text. Not legal advice."}