Kentucky Insurance Plans, Operation, Question 6

KENTUCKY INSURANCE ARBITRATION ASSOCIATION

Click here to go home

(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?

6. What if the BI limits are exhausted?

Article 4. Operations

F, 2: The Insurance Commissioner, Kentucky Department of Insurance shall determine, if the members cannot agree, the extent to which an award shall be modified in order to protect a member with multiple occurrence liabilities from paying more in the aggregate than the extent of its liability coverage. Added: Also see, KRS 304.39-040(4)