Kentucky Insurance Guaranty Ass'n v. Jeffers Ex Rel. Jeffers

On December 10, 1997, the Superintendent of Insurance for the state of Ohio filed a Complaint for Rehabilitation in the Franklin County, Ohio, Court of Common Pleas against The P.I.E. Mutual Insurance Company. P.I.E. was placed into rehabilitation on December 15, 1997. A liquidation hearing was scheduled for February 17, 1998 and later rescheduled for March 23,1998.

On January 26, 1998, House Bill 415 was introduced in the Kentucky House of Rep*612resentatives to amend KRS 304.36-080 and increase from $100,000.00 to $300,000.00 per claim the maximum liability of the Kentucky Insurance Guaranty…