304.27 -200 Subscriber's liability on judgments. (1) No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for thirty (30) days. (2) Any such judgment shall be binding upon each subscrib er only in such proportion as his interest may appear and in an amount not exceeding his contingent liability, if any. Effective: June 18, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 27, sec. 20, effective June 18, 1970.
Kentucky Legal Code