{"data":{"id":"us-ky/krs-299.420","jurisdiction":"us-ky","citation":"KRS 299.420","heading":"Maximum liability of policyholders for assessments.","body":"If the amount of the deposit notes and cash belonging to a company is not sufficient to\npay the amount due at any one (1) time to the policyholders on account of losses\noccasioned by the risks insured against, the limit of liability of each policyholder on  any\nassessment that may be required to meet the deficit shall not exceed the following rates\nand amounts: Upon each policyholder of a company having less than five hundred\nthousand dollars ($500,000) of insurance in force, ten dollars ($10) for each one h undred\ndollars ($100) of insurance he has in the company; upon each policyholder of a company\nhaving over five hundred thousand dollars ($500,000) but less than one million dollars\n($1,000,000) insurance in force, five dollars ($5) for each one hundred dol lars ($100)\ninsurance he has in the company; upon each policyholder of a company having over one\nmillion dollars ($1,000,000) but less than two million dollars ($2,000,000) insurance in\nforce, three dollars ($3) for each one hundred dollars ($100) insuranc e he has in the\ncompany; and upon each policyholder of a company having over two million dollars\n($2,000,000) of insurance in force, two dollars ($2) for each one hundred dollars ($100)\ninsurance he has in the company.","path":["KRS Chapter 299"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=15864","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:27Z","sha256":"1aa5aa6067a9fbbbe7e34df61e68d2c3d8ccabe13b9be2e670131c3288ea59aa","source_id":"us-ky","stale":false,"prev":"us-ky/krs-299.410","next":"us-ky/krs-299.430"},"notice":"GroundRules: Original legal text. Not legal advice."}