---
title: Kentucky Issues Bulletin Regarding Rates for the Mine Subsidence Insurance Program
description: On September 6, 2024, the Kentucky Department of Insurance issued Bulletin 2024-07 regarding new premium rates for the Mine Subsidence Insurance Program. This bulletin amends the rates that were set forth in Bulletin 2024-05.
---

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# [Kentucky Issues Bulletin Regarding Rates for the Mine Subsidence Insurance Program](https://aaisviews.aaisonline.com/compliance-alerts/kentucky-bulletin-rates-for-mine-subsidence-insurance-program)

 Written by [AAIS](https://aaisviews.aaisonline.com/compliance-alerts/author/aais) | Nov 22, 2024

On September 6, 2024, the Kentucky Department of Insurance issued [Bulletin 2024-07](https://insurance.ky.gov/ppc/Documents/2024.9.06%20Mine%20Sub%20Bulletin%20Amended%20.pdf) regarding new premium rates for the Mine Subsidence Insurance Program. This bulletin amends the rates that were set forth in [Bulletin 2024-05](https://insurance.ky.gov/ppc/Documents/New_Premium_Rates_for_The_Mine_Subsidence_Insurance_Program_2024-05.pdf).

 

On April 4, 2024, Kentucky enacted House Bill 371 to increase the maximum total insured value eligible to be reinsured by the mine subsidence fund per structure from $300,000 to $500,000. Bulletin 2024-05 was issued on July 17, 2024, to provide a rating table for insurers. Since then, Bulletin 2024-07 was issued to update the rating table following multiple industry requests for the use of round numbers. The bulletin goes into effect on January 1, 2025.

 

Please see [Bulletin 2024-07](https://insurance.ky.gov/ppc/Documents/2024.9.06%20Mine%20Sub%20Bulletin%20Amended%20.pdf) for more information. For any questions regarding the bulletin, please contact the Department's Property and Casualty Division at [DOI.PropertyCasualty@ky.gov](mailto:DOI.PropertyCasualty@ky.gov).

[View full post](https://aaisviews.aaisonline.com/compliance-alerts/kentucky-bulletin-rates-for-mine-subsidence-insurance-program)

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