Kentucky Insurance Plans
KENTUCKY INSURANCE ARBITRATION ASSOCIATION

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Plan of Operations: Frequently Asked Questions

(Click on the question to go directly to that specific answer.)

1. How can I become an arbitrator?
2.
Who is a member of KIAA?
3.
What is the Statute of Limitations for PIP arbitration?
4.
Is there an offset (deductible)?
5.
If there is an offset, does it apply to each injured person?
6. If there is an offset, does it apply to each applicant?
7.
What if the BI limits are exhausted?
8.
How soon can arbitration be filed and what is the 60 days referring to?
9.
What if the other reparation obligor is a non-member?

(Notice: Sections are extracted from the)
KENTUCKY INSURANCE ARBITRATION ASSOCIATION PLAN OF OPERATION

5. If there is an offset, does it apply to each injured person?

Article 4. Operations

E. In order that there be fair allocation of significant losses, while at the same time eliminating the unnecessary costs in the handling and shifting of insignificant losses, no member shall make application for or be entitled to receive, and no arbitration award shall be made for damages paid or payable by the member reparations obligor as basic benefits for the first $1,000. in the aggregate of loss so paid arising from a single occurrence without regard to the number of persons to whom basic or added reparations benefits were paid or payable.


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