KRS 304.14-400: Interest on payment from insuring company.

Any resident of this state who is the person named as the insured in any policy of fire

insurance issued or delivered in this state on property located in this state and who

sustained a loss of or to such property, which loss is covered under such policy, for which

he becomes entitled to receive payment in cash from the insuring company shall also be

entitled to receive payment of interest at the rate of eight percent (8%) per annum from

such insuring company on any portion of such payment entitlement which is not paid nor

tendered to such resident within thirty (30) days after receipt by the insuring company of a

proof of loss executed and sworn by such resident, to the best of his knowledge and belief

claiming any such amount to be due.