Skip to main content
Find a Lawyer

Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.20-100.Loss run statement to be provided upon request; duties of insurer and insurer's agent

Current as of January 01, 2021 | Updated by FindLaw Staff

(1) As used in this section:

(a) “Commercial property and casualty” means any kind of property and casualty insurance relating to commercial risks that is not insurance for personal risks as defined in KRS 304.13-011;

(b) “Loss run statement” means a report relating to commercial property and casualty risks maintained by an insurer containing the history of claims occurring within a policy term; and

(c) “Provide” means to mail, personally deliver, or electronically send a document, or to allow access through an electronic portal to view or generate a document.

(2) An insurer shall provide a loss run statement to an insured or an insurer's agent within twenty (20) calendar days of receipt of a written request submitted by the insured or the insurer's agent.

(3) An insurer's agent that receives a loss run statement pursuant to subsection (2) of this section shall provide a copy of the loss run statement to the insured within five (5) calendar days of receipt by the agent.

(4) The loss run statement provided pursuant to subsection (2) of this section shall be a five (5) year loss run history for the prior five (5) years or a complete loss run history with the insurer if the history is less than five (5) years.

(5) An insurer's agent that receives a loss run statement pursuant to subsection (2) of this section shall not divulge consumer information to any third party, except in accordance with applicable laws governing the privacy of consumer financial information, health information, or other information that is otherwise required by law to be held as confidential.

(6) An insurer shall not charge any fees to prepare and provide one (1) loss run statement in accordance with subsection (2) of this section.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.20-100.Loss run statement to be provided upon request; duties of insurer and insurer's agent - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-20-100/

Read this complete Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.20-100.Loss run statement to be provided upon request; duties of insurer and insurer's agent on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Kentucky Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

    More Options
    Copied to clipboard