{"data":{"id":"us-ky/krs-304.27-210","jurisdiction":"us-ky","citation":"KRS 304.27-210","heading":"Assessments.","body":"(1) Assessments may from time to time be levied upon subscribers of a domestic\nreciprocal insurer liable therefor under the terms of their policies by the attorney\nupon approval in advance by the subscribers' advisory committee and the\ncommissioner; or by the commissioner in liquidation of the insurer.\n(2) Each subscriber's share of a deficiency for which an assessment is made, but not\nexceeding in any event his or her aggregate contingent liability as computed in\naccordance with KRS 304.27 -230, shall be comput ed by applying to the premium\nearned on the subscriber's policy or policies during the period to be covered by the\nassessment, the ratio of the total deficiency to the total premiums earned during\nsuch period upon all policies subject to the assessment.\n(3) In computing the earned premiums for the purposes of this section, the gross\npremium received by the insurer for the policy shall be used as a base, deducting\ntherefrom solely charges not recurring upon the renewal or extension of the policy.\n(4) No subs criber shall have an offset against any assessment for which he or she is\nliable, on account of any claim for unearned premium or losses payable.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29629","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:52Z","sha256":"ce2e4c02bcfe3bc4051ed12955b48d491a9c25ed4c65d8515786a5ad06e1b8db","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.27-200","next":"us-ky/krs-304.27-220"},"notice":"GroundRules: Original legal text. Not legal advice."}