KRS 299.200: Liability of officers of company failing to levy assessment to pay death

claim.

The officers of a company who refuse or neglect, for a period of sixty (60) days after the

filing of satisfactory proof of the death of any policyholder, where the claim i s not

disputed on account of fraud or want of validity and where the death or emergency fund is

not sufficient to pay the claim, to levy an assessment to provide for payment of the claim,

shall thereby become liable to the beneficiary under the policy in a sum not exceeding the

face of the claim.