Ky. Rev. Stat. » Chapter 304
Kentucky Revised Statutes

Ky. Rev. Stat. § 304.36-020 (2026)

Purpose of subtitle

✓ current as of May 2026
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The purpose of this subtitle is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to the extent provided in this subtitle to minimize financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to provide a means of funding the cost of such protection among insurers. Effective: July 15, 1998 History: Amended 1998 Ky. Acts ch. 99, sec. 1, effective July 15, 1998. -- Created 1972 Ky. Acts ch. 137, sec. 2, effective June 16, 1972.

Notes of Decisions
Cited in 11 cases (1 in the last 5 years), 1985–2022 · leading case: Kentucky Ins. Guar. Ass'n v. Jeffers Ex Rel. Jeffers, 13 S.W.3d 606 (Ky. 2000).
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Kentucky Ins. Guar. Ass'n v. Jeffers Ex Rel. Jeffers, 13 S.W.3d 606 (Ky. 2000). · cites it 6× “KRS 304.36-020. As amended, the statute provides in pertinent part as follows: "Covered claim" means an unpaid claim, .”
Stone v. Kentucky Ins. Guar. Ass'n, 908 S.W.2d 675 (Ky. Ct. App. 1995). · cites it 3× “KRS 304.36-020. The Act is to be liberally construed to effect this purpose, and KRS 304.”
Hardin Cnty. v. Wilkerson, 255 S.W.3d 923 (Ky. 2008). · cites it 2× “Admittedly, the Kentucky Insurance Guaranty Association Act includes a general statement of purpose, which in relevant part aims to provide protection to insureds and persons with claims against those insureds, see KRS 304.36-020, and a statement that the general statement of…”
Appleton & Ratliff Coal Corp. v. Dewey Ratliff, 664 F. App'x 470 (6th Cir. 2016). “” Ky. Rev. Stat. § 304.36-020. It creates the Kentucky Insurance Guarantee Association (KIGA), a nonprofit unincorporated legal entity, of which “insurance carriers of most types of insurance, licensed to operate in Kentucky, [are required] to be members.”
Hawkins v. Kentucky Ins. Guar. Ass'n, 838 S.W.2d 410 (Ky. Ct. App. 1992). “Hawkins contends that taking into consideration the purpose of the legislation creating the KIGA, stated in KRS 304.36-020 as including the avoidance of “financial loss to claimants or policy holders because of the insolvency of an insurer,” the KIGA should not be allowed this…”
Kentucky Ins. Guar. Ass'n v. State Farm Mut. Auto. Ins. Co., 689 S.W.2d 32 (Ky. Ct. App. 1985). “KRS 304.36-020. Since the parties concede that the Clarks are pursuing a “covered claim” under the act against the Currys, State Farm argues that the association pursuant to KRS 304.”
Pie Mut. Ins. Co. v. Kentucky Med. Ins. Co., 782 S.W.2d 51 (Ky. Ct. App. 1990). “” KRS 304.36-020. To effectuate this purpose, the legislature imposed upon the board of directors of the KIGA to notify the Commissioner of any insurer which may be insolvent or in a hazardous financial condition.”
Kentucky Ins. Guar. Ass'n v. Nat. Resources & Env't Prot. Cabinet, 885 S.W.2d 315 (Ky. Ct. App. 1994). “” KRS 304.36-020. Pursuant to KRS 304.36-080, KIGA became liable for unpaid “covered claims” of the insolvent sureties arising prior to the insolvency determination or within thirty days thereafter.”
Benson's Inc. v. Fields, 941 S.W.2d 473 (Ky. 1997). “KRS 304.36-020. The Court concluded that, in removing the cap on KIGA’S liability for workers’ compensation claims, the legislature intended to enhance the protection of injured workers and their employers.”
KY. INS. ASS'N v. State Farm Auto. Ins., 689 S.W.2d 32 (Ky. Ct. App. 1985). “KRS 304.36-020. Since the parties concede that the Clarks are pursuing a "covered claim" under the act against the Currys, State Farm argues that the association pursuant to KRS 304.”
Kentucky Ins. Guar. Ass'n v. S&a Constructors, LLC (E.D. Pa. 2022). “” Ky. Rev. Stat. § 304.36-020. After First Sealord issued the surety bonds at issue in this case, it became insolvent and was placed into liquidation by the Commonwealth Court of Pennsylvania.”
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