KRS 304.27-210: Assessments.

(1) Assessments may from time to time be levied upon subscribers of a domestic

reciprocal insurer liable therefor under the terms of their policies by the attorney

upon approval in advance by the subscribers' advisory committee and the

commissioner; or by the commissioner in liquidation of the insurer.

(2) Each subscriber's share of a deficiency for which an assessment is made, but not

exceeding in any event his or her aggregate contingent liability as computed in

accordance with KRS 304.27 -230, shall be comput ed by applying to the premium

earned on the subscriber's policy or policies during the period to be covered by the

assessment, the ratio of the total deficiency to the total premiums earned during

such period upon all policies subject to the assessment.

(3) In computing the earned premiums for the purposes of this section, the gross

premium received by the insurer for the policy shall be used as a base, deducting

therefrom solely charges not recurring upon the renewal or extension of the policy.

(4) No subs criber shall have an offset against any assessment for which he or she is

liable, on account of any claim for unearned premium or losses payable.