56.130 Insufficient amount in insurance fund.
99 words·~1 min read·
/ky/chapter-56/56-130A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)If there is not in the account of the Commonwealth's property and casualty
insurance fund an amount sufficient to cover the damage, the State Treasurer shall
debit the fund only with the amount actually to its credit at the time, and shall
continue, subject to prior claims, to debit the fund by the amount of each ensuing
credit to the fund, until the total damage is covered.
(2)No payments shall be made on account of such damage to any agency of the state in
excess of the amount debited against the fund at the time of payment.