{"data":{"id":"us-ky/krs-304.14-290","jurisdiction":"us-ky","citation":"KRS 304.14-290","heading":"Dividends payable to real party.","body":"(1) Every insurer issuing participating policies, shall pay dividends, unused premium\nrefunds or savings distributed on account of any such policy, only to the real party\nin interest entitled thereto as shown by the insurer's records, or to any person to\nwhom the right thereto has been assigned in writing of record with the insurer, or\ngiven in the policy by such real party in interest.\n(2) Any person who is shown by the insurer's records to have paid for his own account,\nor to have been ultimately charged for,  the premium for insurance provided by a\npolicy in which another person is the nominal insured, shall be deemed such real\nparty in interest proportionate to premium so paid or so charged. This subsection\nshall not apply as to any such dividend, refund, or distribution which would amount\nto less than one dollar ($1).\n(3) This section shall not apply to contracts of group life insurance, group annuities, or\ngroup disability insurance, nor to policies issued prior to September 1, 1950, nor to\nany policy which contains a provision specifying to whom the dividends shall be\npaid.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=17149","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:43Z","sha256":"6de7835ba6549003f757a6948c3546ac06ae51d1808bd7b044bc5492a79ef910","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.14-280","next":"us-ky/krs-304.14-300"},"notice":"GroundRules: Original legal text. Not legal advice."}