Kentucky Revised Statutes

Ky. Rev. Stat. § 304.36-060 (2026)

Creation of the association

✓ current as of May 2026

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There is created a nonprofit unincorporated legal entity to be known as the Kentucky Insurance Guaranty Association. All insurers defined as member insurers in KRS 304.36- 050 shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under KRS 304.36-090 and shall exercise its powers through a board of directors established under KRS 304.36-070. Effective: June 16, 1972 History: Created 1972 Ky. Acts ch. 137, sec. 6, effective June 16, 1972.

Notes of Decisions

Cited in 2 cases, 1990–1997 · leading case: Commonwealth, Nat. Resources & Env't Prot. Cabinet v. Kentucky Ins. Guar. Ass'n, 972 S.W.2d 276 (Ky. Ct. App. 1997).

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Commonwealth, Nat. Resources & Env't Prot. Cabinet v. Kentucky Ins. Guar. Ass'n, 972 S.W.2d 276 (Ky. Ct. App. 1997). “KRS 304.36-060. Pursuant to KRS 304.36-080(l)(b), KIGA is liable only to the extent that the insolvent insurer would have been liable.”

Pie Mut. Ins. Co. v. Kentucky Med. Ins. Co., 782 S.W.2d 51 (Ky. Ct. App. 1990). “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.”

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