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Kentucky Chapter 299 — Assessment or Cooperative Insurance

67 sections hosted, reproduced from the official public-domain source.

  • KRS 299.010— Definitions and application
  • KRS 299.011— Assessment
  • KRS 299.015— Nature of policy to be stated on face
  • KRS 299.017— Effect of failure to operate for one year -- Termination of new licensing beginning July 15, 1998
  • KRS 299.019— Reporting and filing requirements
  • KRS 299.020— Companies deemed engaged in life or casualty insurance business upon the cooperative or assessment plan
  • KRS 299.030— Organization of a domestic company
  • KRS 299.040— Authorization of a domestic company to do business -- Requirements -- When may begin business
  • KRS 299.045— Subsequent licensure of assessment or cooperative life insurance companies prohibited
  • KRS 299.050— Guaranty fund -- Creation -- Investments -- Deposit of securities -- Use of fund -- Rights of holders of certificates
  • KRS 299.060— Emergency fund -- Creation -- Use -- Administration on discontinuance of business -- Reserve fund
  • KRS 299.070— Abandonment of charter by a company -- Period for which charter is in force
  • KRS 299.080— Repealed, 1950
  • KRS 299.090— Repealed, 1950
  • KRS 299.100— Annual meeting -- Adoption and amendment of bylaws -- Examination of books
  • KRS 299.110— Election of officers
  • KRS 299.120— Annual statement of condition
  • KRS 299.130— Application, rule or bylaw referred to as having bearing on contract must accompany policy -- Use as evidence -- Type size
  • KRS 299.140— Policy to state contract for payment -- Limit of amount -- Liability for payment
  • KRS 299.150— Insurable age -- Insurable interest -- Change of beneficiary
  • KRS 299.160— Notice of assessment -- Classification of expense
  • KRS 299.170— Examination of policyholder claiming benefits
  • KRS 299.180— Suspension of company from doing business on failure to pay loss -- Impounding of collections
  • KRS 299.190— Investigation and action against company failing to pay loss -- Court to close business and appoint receiver
  • KRS 299.200— Liability of officers of company failing to levy assessment to pay death claim
  • KRS 299.210— Reinsurance
  • KRS 299.215— Fees of Department of Insurance
  • KRS 299.220— Assessment or cooperative life or casualty company may change to stock or mutual plan
  • KRS 299.230— Meeting to change form of company -- Notice -- Vote necessary to change
  • KRS 299.240— Fixing amount and shares of capital stock -- Sale of stock
  • KRS 299.250— Requirements for reorganized company to begin business
  • KRS 299.260— Types of insurance that may be written by a reorganized company
  • KRS 299.270— Directors of reorganized company -- Election -- Powers
  • KRS 299.280— Handling of assessment policies previously written
  • KRS 299.290— Use of surplus of former company -- Assets and liabilities
  • KRS 299.300— Ascertainment and payment of interest of policyholders dissenting to change -- Additional reserve fund
  • KRS 299.310— Organization of assessment or cooperative company to write certain insurance other than life -- Membership -- Preliminary bond
  • KRS 299.320— Authorization to do business -- Requirements
  • KRS 299.330— Territory in which company may do business -- Change -- Removal of office
  • KRS 299.340— Directors and officers -- Election -- Term of office -- Powers of directors -- Quorum -- Bonds
  • KRS 299.350— Annual meeting -- Votes -- Bylaws -- Books
  • KRS 299.360— Classification of insured property -- Separation of risks
  • KRS 299.370— Reserve fund -- Source -- Use -- Investment
  • KRS 299.380— Issuance of policies -- Amount of single risk limited by total insurance in force
  • KRS 299.390— Assessment contract -- Lien -- Notice and adjustment of loss
  • KRS 299.400— Collection and use of membership or policy fees -- Levy and collection of assessments
  • KRS 299.410— Notice of assessment -- Form and service
  • KRS 299.420— Maximum liability of policyholders for assessments
  • KRS 299.430— Action to collect unpaid assessments -- Exclusion of policyholder -- Refund
  • KRS 299.440— Withdrawal of member -- Admission of members after organization
  • KRS 299.450— Annual statement of condition
  • KRS 299.460— Examination of companies by commissioner -- Action against violators
  • KRS 299.470— Companies organized under a special charter
  • KRS 299.480— Organization of a reinsurance company by mutual or assessment and cooperative fire insurance companies
  • KRS 299.481— Renumbered as KRS 299.490
  • KRS 299.482— Renumbered as KRS 299.500
  • KRS 299.483— Renumbered as KRS 299.510
  • KRS 299.484— Renumbered as KRS 299.520
  • KRS 299.486— Renumbered as KRS 299.530
  • KRS 299.490— Admission and withdrawal of member companies of reinsurance company
  • KRS 299.500— Policies of reinsurance -- Rates -- Directors -- Liability of member companies -- Limitation of risks
  • KRS 299.510— Reinsurance of risks by mutual or assessment and cooperative fire insurance companies
  • KRS 299.520— Filing of copies of reinsurance contracts with the commissioner -- Inspection
  • KRS 299.530— Annual report on reinsurance premiums -- Tax on premiums paid to unauthorized companies
  • KRS 299.540— Fees of Department of Insurance
  • KRS 299.550— Change to mutual plan of company writing insurance other than life
  • KRS 299.990— Penalties