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304.39-010 Policy and purpose.
The toll of about 20,000,000 motor vehicle accidents nationally and comparable
experience in Kentucky upon the interests of victims, the public, policyholders and
others require that improvements in the reparations provided for herein be adopted
to effect the following purposes:
(1) To require owners, registrants and operators of motor vehicles in the
Commonwealth to procure insurance covering basic reparation benefits and
legal liability arising out of ownership, operation or use of such motor vehicles;
(2) To provide prompt payment to victims of motor vehicle accidents without
regard to whose negligence caused the accident in order to eliminate the
inequities which fault-determination has created;
(3) To encourage prompt medical treatment and rehabilitation of the motor vehicle
accident victim by providing for prompt payment of needed medical care and
rehabilitation;
(4) To permit more liberal wage loss and medical benefits by allowing claims for
intangible loss only when their determination is reasonable and appropriate;
(5) To reduce the need to resort to bargaining and litigation through a system
which can pay victims of motor vehicle accidents without the delay, expense,
aggravation, inconvenience, inequities and uncertainties of the liability system;
(6) To help guarantee the continued availability of motor vehicle insurance at
reasonable prices by a more efficient, economical and equitable system of
motor vehicle accident reparations;
(7) To create an insurance system which can more adequately be regulated; and
(8) To correct the inadequacies of the present reparation system, recognizing that
it was devised and our present Constitution adopted prior to the development
of the internal combustion motor vehicle.
Effective:July 1, 1975
History: Created 1974 Ky. Acts ch. 385, sec. 1, effective July 1, 1975.
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