Kentucky Statutes 304.36-160 – Recognition of assessments in rates
Current as of: 2024 | Check for updates
|
Other versions
The rates and premiums charged for insurance policies to which this subtitle applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.
Effective: June 16, 1972
History: Created 1972 Ky. Acts ch. 137, sec. 16, effective June 16, 1972.
Effective: June 16, 1972
Terms Used In Kentucky Statutes 304.36-160
- Association: means the Kentucky Insurance Guaranty Association created under
KRS §. See Kentucky Statutes 304.36-050 - Member insurer: means any person who:
1. See Kentucky Statutes 304.36-050
History: Created 1972 Ky. Acts ch. 137, sec. 16, effective June 16, 1972.