KRS 304.39-170: Assigned claims bureau and plan.

(1) Reparation obligors providing basic reparation insurance in this Commonwealth

may organize and maintain, subject to approval and regulation by the commissioner

of insurance, an assigned claims bureau and an assigned claims plan and adopt rules

for their op eration and for assessment of costs on a fair and equitable basis

consistent with this subtitle. If they do not organize and continuously maintain an

assigned claims bureau and an assigned claims plan in a manner considered by the

commissioner of insurance to be consistent with this subtitle, the commissioner

shall organize and maintain an assigned claims bureau and an assigned claims plan.

Each reparation obligor providing basic reparation insurance in this Commonwealth

shall participate in the assigned cl aims bureau and the assigned claims plan. Costs

incurred shall be allocated fairly and equitably among the reparation obligors.

(2) The assigned claims bureau shall promptly assign each claim and notify the

claimant of the identity and address of the assig nee of the claim. Claims shall be

assigned so as to minimize inconvenience to claimants. The assignee thereafter has

rights and obligations as if he or she had issued a policy of basic reparation

insurance complying with this subtitle applicable to the inj ury or, in case of

financial inability of a reparation obligor to perform its obligations, as if the

assignee had written the applicable basic reparation insurance, undertaken the self -

insurance, or lawfully obligated itself to pay reparation benefits.