KRS 304.36-060: Creation of the association.

There is created a nonprofit unincorporated legal entity to be known as the Kentucky

Insurance Guaranty Association. All insurers defined as member insurers in KRS 304.36 -

050 shall be and remain members of the association as a condition of their authority to

transact insurance in this state. The association shall perform its functions under a plan of

operation established and approved under KRS 304.36 -090 and shall exercise its powers

through a board of directors established under KRS 304.36-070.