KRS § 299.180 Suspension of company from doing business on failure to pay loss -- Impounding of collections.
If a company has not paid a required amount after 30 days and demand, the director must notify it to stop doing business until paid; while that notice applies, officers and agents cannot issue policies or assessment notices, and received money must be deposited in a bank or trust company.
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- United States — Kentucky
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- en
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KRS § 299.180 Suspension of company from doing business on failure to pay loss -- Impounding of collections.
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