KRS 304.14-200: Underwriters' and combination policies.

(1) Two (2) or more authorized insurers may jointly issue, and shall be jointly and

severally liable on, an underwriters' policy bearing their names. Any one (1) insurer

may issue policies in the name of an underwriter's department and such policies

shall plainly show the true name of the insurer.

(2) Two (2) or more authorized insurers may, with the commissioner's approval, issue a

combination policy which shall contain provisions substantially as follows:

(a) That the insurers executing the policy shall be se verally liable for the full

amount of any loss or damage, according to the terms of the policy, or for

specified percentages or amounts thereof, aggregating the full amount of

insurance under the policy.

(b) That service of process, or of any notice of pro of of loss required by such

policy, upon any of the insurers executing the policy, shall constitute service

upon all such insurers.

(3) This section shall not apply to co-surety obligations.