SB 169 (BR 1565) - T. Buford
AN ACT relating to the recovery of assessments paid to the Kentucky insurance guaranty association.
Amend KRS 304.36-160, pertaining to the Kentucky insurance guaranty association, to permit a policy to contain a provision for a direct surcharge in an amount calculated to allow the insurer to recoup a sum equal to the amounts paid to the association by the member insurer less amounts returned to the member insurer by the association; require the surcharge to be based on the proportion of the premium for the policy to the net direct written premiums of the member insurer for the preceding calendar year; amend KRS 304.36-080 to conform.
Feb 10-introduced in Senate
Feb 13-to Banking and Insurance (S)