Underwriters at Lloyd’s are required to compute reserve liabilities for all outstanding business and for all incurred losses upon the same basis required for stock insurance companies doing the same classes and character of business in this state.
Effective: June 18, 1970
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Terms Used In Kentucky Statutes 304.28-060

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Created 1970 Ky. Acts ch. 301, subtit. 28, sec. 6, effective June 18, 1970.

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