Ky. Rev. Stat. § 342.460

Current through Acts Received April 24, 2024

Section 342.460 - Withdrawal from business in Kentucky before special fund assessments and other taxes fall due or failure to pay tax - Collection - Attorney's fees

If any such insurance carrier withdraws from business in this state before the special fund assessments and other taxes required in this chapter fall due or fails to pay such tax, the funding commission shall at once proceed to collect it. The funding commission may employ any legal process necessary for that purpose. The suit may be brought by the funding commission in any court of this state having jurisdiction. Reasonable attorney's fees may be taxed as costs therein, and process may issue to any county of the state and may be served as in civil actions, or, in cases of unincorporated associations, partnerships, interindemnity contracts or other plan or scheme, upon the principal agent of the parties thereto.

KRS 342.460

Effective:10/26/1987.
Amended 1987 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 49, effective10/26/1987. -- Amended 1966 Ky. Acts ch. 187, Part IV, sec. 13. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 4968-4.