Ky. Rev. Stat. § 304.27-260
Current through 2024 Ky. Acts ch. 225
Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus, and the return of any unused premium, savings, or credits then standing on subscribers' accounts, shall be distributed to its subscribers who were such within the twelve (12) months prior to the last termination of its certificate of authority, according to such reasonable formula as the commissioner may approve.
KRS 304.27-260
Amended 2010, Ky. Acts ch. 24, sec. 1385, effective7/15/2010. -- Created 1970 Ky. Acts ch. 301, subtit. 27, sec. 26, effective 6/18/1970.