Kentucky Statutes 299.160 – Notice of assessment — Classification of expense
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(1) Each notice of assessment made by a company upon its members shall truly state the cause and purpose of the assessment, the amount paid on the last death claim paid, the cause of death and character of disease, the name of the deceased member, and the maximum face value of the policy, and if not paid in full, the reason therefor.
(2) Every call for payment shall distinctly state whether any part thereof may be used for expenses, and if so, how much. Expenses incurred in investigating and contesting cases believed to be fraudulent may be considered as a part of the mortuary expense.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 669, 678.
(2) Every call for payment shall distinctly state whether any part thereof may be used for expenses, and if so, how much. Expenses incurred in investigating and contesting cases believed to be fraudulent may be considered as a part of the mortuary expense.
Terms Used In Kentucky Statutes 299.160
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. 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
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 669, 678.