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.
KRS 304.36-160
Recognition of assessments in rates
Known as the Kentucky Insurance Guaranty Association Act
The act spans §§ 304.36-010 to 304.36-170 (18 sections).
Effective: June 16, 1972 History: Created 1972 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.