Ky. Rev. Stat. § 304.27-220

Current through 2024 Ky. Acts ch. 225

Section 304.27-220 - Time limit for assessments

Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for, and shall pay his or her share of any assessment, as computed and limited in accordance with this subtitle, if:

(1) While his or her policy is in force or within one (1) year after its termination, he or she is notified by either the attorney or the commissioner of his or her intention to levy such assessment; or

(2) If an order to show cause why a receiver, conservator, rehabilitator or liquidator of the insurer should not be appointed is issued while his or her policy is in force or within one (1) year after its termination.

KRS 304.27-220

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1383, effective7/15/2010. -- Created 1970 Ky. Acts ch. 301, subtit. 27, sec. 22, effective 6/18/1970.