KRS 304.41-010: Legislative policy.

The declaration of legislative policy of this subtitle is as follows:

It is hereby declared by the general assembly of the Commonwealth of Kentucky

that the availability of legal professional liability insurance for attorneys -at-law is a

necessity; and without such insurance, legal services may be severely curtailed; and that

while the need for such insurance is increasing, the supply is not adequate and is likely to

become less adequate in the future; and that present plans to provide adequate legal

professional liability insurance in Kentucky have not been sufficient to meet the needs of

our citizens. It is further declared that the Commonwealth has an obligation to provide an

equitable method whereby every insurer licensed to write personal liability in surance in

Kentucky be required to meet this market demand. It is the purpose of this article to

define this obligation and provide a mandatory program to assure an adequate supply of

legal professional liability insurance coverage in the Commonwealth of Kentucky.