304.36-060 Creation of the association. There is created a
nonprofit unincorporated legal entity to be known as the Kentucky
Insurance Guaranty Association. All insurers defined as member
insurers in KRS 304.36- 050 shall be and remain members of the
association as a condition of their authority to transact insurance
in this state. The association shall perform its functions under a
plan of operation established and approved under KRS 304.36-090 and
shall exercise its powers through a board of directors established
under KRS 304.36-070. Effective: June 16, 1972
History: Created 1972 Ky. Acts ch. 137, sec. 6, effective
June 16, 1972.
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