KRS 304.33-215: Obligation for unpaid premiums.

(1) An agent, broker, premium finance company, or any other person, other than the

insured, responsible for collection and payment of premium shall be obligated to

pay any collected unpaid premium, whether earned or unearned, less any

commissions on the earned portion of the premiums, due to the insurer at the time

policies are terminated pursuant to KRS 304.33 -210, except as expressly provided

in KRS 304.33 -240(6). Credits, setoffs, or both shall not be allowed to an agent,

broker, or premium finance company f or any amounts advanced to the insurer by

the agent, broker, or premium finance company on behalf of, but in the absence of

payment by, the insured.

(2) An insured shall be obligated to pay any unpaid earned premiums due to the insurer

at the time his poli cy is terminated pursuant to KRS 304.33 -210, subject further to

any additional earned premium payable in the future which may be calculated by the

liquidator representing unbilled audit premiums, experience rated premium

adjustments, or any other similar d eferred premium adjustments provided for under

the terms of the insured's policy and which premiums have been apportioned and

billed by the liquidator.