Kentucky Statutes 304.6-110 – Loss reserve — Mortgage guaranty insurance
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The case basis method shall be used to determine mortgage guaranty loss reserves, which shall include a reserve for claims reported and unpaid and a reserve for claims incurred but not reported.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 6, sec. 11, effective June 18, 1970.
Effective: June 18, 1970
Terms Used In Kentucky Statutes 304.6-110
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
History: Created 1970 Ky. Acts ch. 301, subtit. 6, sec. 11, effective June 18, 1970.