Ky. Rev. Stat. § 304.27-200

Current through 2024 Ky. Acts ch. 225

Section 304.27-200 - Subscriber's liability on judgments

(1) No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for thirty (30) days.

(2) Any such judgment shall be binding upon each subscriber only in such proportion as his interest may appear and in an amount not exceeding his contingent liability, if any.

KRS 304.27-200

Effective:6/18/1970
Created 1970 Ky. Acts ch. 301, subtit. 27, sec. 20, effective6/18/1970.