KRS 304.9-372: Payments to administrator.

When an insurer utilizes the services of an administrator under the terms of a written

contract as required in KRS 304.9-371, the payment to the administrator of any premiums

or charges for insurance by or on behalf of the insured shall be deemed to have b een

received by the insurer. However, in the payment of return premiums or claims by the

insurer to the administrator, payment shall not be deemed payment to the insured until

such payments are received by the insured. Nothing herein shall limit the right of the

insurer against the administrator resulting from the administrator's failure to make

payments to the insurer or any insured.