First Mutual Assigned ‘R’
Following a judicial granting of authority to the Kentucky Department of Insurance to supervise the daily operations of the assessment mutual insurance company, First Mutual Insurance Company, an “R” FSR was assigned to First Mutual by S&P. Although assessment companies were banned in 1998, those already in business were allowed to continue operations. First Mutual is one of approximately 40 such companies operating in the state of Kentucky.
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