There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 24. Domestic Stock and Mutual Insurers
304.24.240 Enforcement of contingent liability.
Download pdfof the member to receive the notice so mailed, within the time specified therein for
the payment of the assessment or at all, shall be no defense in any action to collect
the assessment. (2) If a member fails to pay the assessment within the period specified in the notice, which period shall not be less than twenty (20) days after mailing, the insurer may
institute suit to collect the same. Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 24, sec. 24, effective June 18, 1970.
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