KRS 304.39-010: Policy and purpose.

The toll of about 20,000,000 motor vehicle accidents nationally and comparable

experience in Kentucky upon the interests of victims, the public, policyholders and others

require that improvements in the reparations provided for herein be adopted to effect the

following purposes:

(1) To require owners, registrants and operators of motor vehicles in the

Commonwealth to procure insurance covering basic reparation benefits and legal

liability arising out of ownership, operation or use of such motor vehicles;

(2) To provide prompt payment to victims of motor vehicle accidents without regard to

whose negligence caused the accident in order to eliminate the inequities which

fault-determination has created;

(3) To encourage prompt medical treatment and rehabilita tion of the motor vehicle

accident victim by providing for prompt payment of needed medical care and

rehabilitation;

(4) To permit more liberal wage loss and medical benefits by allowing claims for

intangible loss only when their determination is reasonable and appropriate;

(5) To reduce the need to resort to bargaining and litigation through a system which can

pay victims of motor vehicle accidents without the delay, expense, aggravation,

inconvenience, inequities and uncertainties of the liability system;

(6) To help guarantee the continued availability of motor vehicle insurance at

reasonable prices by a more efficient, economical and equitable system of motor

vehicle accident reparations;

(7) To create an insurance system which can more adequately be regulated; and

(8) To correct the inadequacies of the present reparation system, recognizing that it was

devised and our present Constitution adopted prior to the development of the

internal combustion motor vehicle.