Kentucky Statutes 304.36-060 – Creation of the association
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There is created a nonprofit unincorporated legal entity to be known as the Kentucky
Insurance Guaranty Association. All insurers defined as member insurers in KRS § 304.36-
050 shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under KRS § 304.36-090 and shall exercise its powers through a board of directors established under KRS § 304.36-070.
Effective: June 16, 1972
History: Created 1972 Ky. Acts ch. 137, sec. 6, effective June 16, 1972.
Insurance Guaranty Association. All insurers defined as member insurers in KRS § 304.36-
Terms Used In Kentucky Statutes 304.36-060
- Association: means the Kentucky Insurance Guaranty Association created under
KRS §. See Kentucky Statutes 304.36-050 - Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
050 shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under KRS § 304.36-090 and shall exercise its powers through a board of directors established under KRS § 304.36-070.
Effective: June 16, 1972
History: Created 1972 Ky. Acts ch. 137, sec. 6, effective June 16, 1972.