{"data":{"id":"us-ky/krs-304.6-050","jurisdiction":"us-ky","citation":"KRS 304.6-050","heading":"Unearned premium reserve.","body":"(1) As to property, casualty, surety and mortgage guaranty insurance the insurer shall\nmaintain an unearned premium reserve on all policies in force.\n(2) Except as provided in KRS 304.6 -060 as to marine and transportation risks and in\nsubsection (3) of this section the unearned premium reserve shall be computed, after\ndeduction of applicable reinsurance in solvent insurers, at the insurer's election\neither:\n(a) On a daily pro rata method basis on each item of premium; or\n(b) On a monthly pro rata basis as to all such reserves.\n(3) As to mortgage guaranty insurers, premiums on risks written for one (1) year or less\nmust be reserved on a monthly pro rata basis.\n(4) After adopting a method for computing such reserve, an insurer shall not change\nmethods without the approval of the insurance supervisory official of the insurer's\ndomicile.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=16775","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:38Z","sha256":"c92d5ba834e7a6249fa89e2b4532d39e04aa726a587097d1ab295c66e893eb2d","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.6-040","next":"us-ky/krs-304.6-060"},"notice":"GroundRules: Original legal text. Not legal advice."}