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Kentucky · Snapshot 09/05/2026

KRS 342.460: Withdrawal from business in Kentucky before special fund assessments

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Where this section sits in the code
  1. KRS Chapter 342

and other taxes fall due or failure to pay tax -- Collection -- Attorney's fees.

If any such insurance carrier withdraws from business in this state before the special fund

assessments and other taxes required in this chapter fall due or fails to pay such tax, the

funding commission shall at once proceed to collect it. The funding commission may

employ any legal process necessary for that purpose. The suit may be brought by the

funding commission in any court of this state having jurisdiction. Reasonable attorney's

fees may be taxed as costs therein, and process may issue to any county of the state and

may be served as in civil actions, or, in cases of unincorporated associations, partnerships,

interindemnity contracts or other plan or scheme, upon the principal agent of the parties

thereto.

Collected 2026-09-05T20:58:32Z. Source file · JSON

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