Ky. Rev. Stat. § 304.17-120

Current through 2024 Ky. Acts ch. 225
Section 304.17-120 - Time of payment of claims

There shall be a provision as follows:

"Time of Payment of Claims: Indemnities payable under this policy for any loss other than loss for which this policy provides any periodic payment will be paid within thirty (30) days of receipt of due written proof of the loss. Subject to due written proof of loss, all accrued indemnities for loss for which this policy provides periodic payment will be paid .... (insert period for payment which must not be less frequently than monthly) and any balance remaining unpaid upon the termination of liability will be paid within thirty (30) days of receipt of due written proof."

KRS 304.17-120

Effective:7/15/1994
Amended 1994 Ky. Acts ch. 93, sec. 10, effective7/15/1994. -- Created 1970 Ky. Acts ch. 301, subtit. 17, sec. 12, effective 6/18/1970.