(1) This subtitle shall apply only to domestic stock insurers, domestic combined stock and mutual life insurers, and domestic mutual insurers transacting or proposing to transact insurance on the cash premium or legal reserve plan, except that KRS 304.24-160, 304.24-250, and 304.24-310 shall also apply to foreign and alien insurers.
(2) All provisions of this subtitle relating to stock companies and all such provisions relating to mutual companies shall, so far as applicable, relate to and govern combined stock and mutual life companies and the rights of stockholders and participating policyholder members thereof.