304.24 -180 Rights of mutual members in general. (1) A domestic mutual insurer is owned by and shall be operated in the interest of its members. (2) With respect to the management, records and affairs of the insurer, a member of a mutual insurer shall have the same character of rights and relationship as a stockholder has toward a domestic stock insurer, subject to the provisions of this code. Effective: June 18, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 24, sec. 18, effective June 18, 1970.
Kentucky Legal Code