On Sep. 6, KNY INS issued bulletin with 2025 mine subsidence rates.
KNY INS issued Bulletin 2024-07 on new premium rates for mine subsidence program.
Amended Bulletin 2024-05 on 2025 mine subsidence insurance rates, see #219754.
Bulletin
Bulletin 2024-05 was issued Jul. 17, 2024 re new premium rates for mine program.
Amends rates in Bulletin 2024-05; following enactment, KNY INS received feedback from insurance industry requesting use of round numbers in subsidence rate tables.
New rates table contains rounded numbers and Bulletin 2024-05 remains intact.
Effectiveness
This bulletin shall take effect on Jan. 1, 2025.
Regulators
KNY INS
Entity Types
Ins
Reference
Bul 2024-07, 9/6/2024;
Functions
Actuarial and Valuation; Compliance; Financial; Product Administration
