{"data":{"id":"us-ky/krs-251.390","jurisdiction":"us-ky","citation":"KRS 251.390","heading":"Kentucky grain insurance fund -- Eligibility for coverage  -- Notice of","body":"intent not to be covered by fund, effect of.\n(1) Except as provided in subsections (2) and (3) of this section, any claimant who\ndelivers fund-covered grain to a licensed g rain dealer or licensed grain warehouse\noperator shall be eligible for coverage by the fund without regard to whether the\nclaimant resides in Kentucky or another state.\n(2) Any person who submits to the department, not later than January 31, a written\nnotice of intent not to be covered by the fund, shall:\n(a) Be entitled to receive from the board a refund of any assessments collected\nfrom that person pursuant to KRS 251.640 during the course of that calendar\nyear; and\n(b) Remain ineligible for coverage and compensation by the fund for any grain\nthat may be delivered by or on behalf of that person to any licensee during the\ncourse of that calendar year.\n(3) By submitting a timely written notice of intent not to be covered by the fund as\nprovided under subsect ion (2) of this section, a person foregoes any protection or\neligibility for compensation from the fund for grain that may be delivered during the\ncourse of that calendar year. The written notice shall:\n(a) Be effective with respect to eligibility for cove rage only to the fund -covered\ngrain delivered in that calendar year; and\n(b) Not have any effect with respect to eligibility for coverage for fund -covered\ngrain delivered in previous calendar years or in subsequent calendar years.\n(4) Any person who does n ot submit to the department, on or before January 31, a\nwritten notification of intent not to be covered by the fund shall:\n(a) Not be entitled to receive a refund of any assessments that may be collected\nfrom that person pursuant to KRS 251.640 during the  course of that calendar\nyear; and\n(b) Remain eligible for coverage by the fund for any fund-covered grain delivered\nby or on behalf of that person to any licensee during the course of that\ncalendar year.\n(5) Any person who submits a written notice of inte nt not to be covered by the fund\nshall be deemed also to have given notice of intent not to be covered to the extent of\nhis, her, or its ownership interest in any other entities in which he, she, or it holds\nsuch an interest.","path":["KRS Chapter 251"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=49420","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:04Z","sha256":"f9b406a910244a686a84081ef979e9476bde9a79d2b1b55a5b9730eb64d384c9","source_id":"us-ky","stale":false,"prev":"us-ky/krs-251.385","next":"us-ky/krs-251.395"},"notice":"GroundRules: Original legal text. Not legal advice."}