Kentucky Statutes 304.44-115 – Investment of mine subsidence insurance fund
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The administrator may invest the mine subsidence insurance fund in the same types of investments which are permitted for authorized insurers under Subtitle 7 of this chapter. All income from investments credited to the mine subsidence insurance fund shall be credited to that fund.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 437, sec. 34, effective July 15, 1986.
Effective: July 15, 1986
Terms Used In Kentucky Statutes 304.44-115
- Administrator: means the organization designated by the commissioner of the department to administer the fund. See Kentucky Statutes 304.44-010
- fund: means the fund established by this subtitle and administered as determined by the department. See Kentucky Statutes 304.44-010
- Mine subsidence: means the collapse of underground coal mines resulting in direct damage to a structure. See Kentucky Statutes 304.44-010
History: Created 1986 Ky. Acts ch. 437, sec. 34, effective July 15, 1986.