299.160 Notice of assessment -- Classification of expense.
105 words·~1 min read·
/ky/chapter-299/299-160A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Each notice of assessment made by a company upon its members shall truly state
the cause and purpose of the assessment, the amount paid on the last death claim
paid, the cause of death and character of disease, the name of the deceased member,
and the maximum face value of the policy, and if not paid in full, the reason
therefor.
(2)Every call for payment shall distinctly state whether any part thereof may be used
for expenses, and if so, how much. Expenses incurred in investigating and
contesting cases believed to be fraudulent may be considered as a part of the
mortuary expense.