Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.13-075.Exceptions to insurer's use of credit information

(1) An insurer that uses credit information shall, on written request from an applicant or an insured, provide reasonable exceptions to the insurer's rates, rating classifications, company or tier placement, or underwriting rules or guidelines for an applicant or insured who has experienced and whose credit information has been directly influenced by any of the following events:

(2) If an applicant or insured submits a request for an exception as set forth in subsection (1) of this section, an insurer may:

(3) An insurer shall not be considered in violation of any law or regulation relating to underwriting, rating, or rate filing as a result of granting an exception under this section. Nothing in this section shall be construed to provide an applicant or insured or other insured with a cause of action that does not exist in the absence of this section.

(4) The insurer shall provide notice to applicants or insureds that reasonable exceptions are available and information about how they may inquire further.

(5) Within thirty (30) days of the insurer's receipt of sufficient documentation of an event described in subsection (1) of this section, the insurer shall inform the applicant or insured of the outcome of his or her request for a reasonable exception. The communication shall be in writing or provided to an applicant in the same medium as the request.

(6) For purposes of this section, “credit information” shall mean any credit-related information derived from a credit report, found on a credit report itself, or provided on an application for personal insurance. Information that is not credit-related shall not be considered credit information, regardless of whether it is contained in a credit report or in an application, or is used to calculate an insurance score.