Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.20-105.Definitions for section; assignment of duties, rights, or benefits; prohibition

(a) “Insured” means a person that is entitled, or may be entitled, to receive first-party benefits or payments under an insurance policy;

(b) “Person” includes:

(c) “Rights or benefits under the policy” includes the insured's right to receive any and all post-loss benefits or payments available or payable under the policy, including but not limited to claim payments.

(a) Duties under the policy; or

(b) Rights or benefits under the policy.

(a) Directing the payment of benefits under KRS 304.39-241;

(b) Authorizing or directing payment to, or paying, a person for services, materials, or any other thing which may be, or is, covered under an insurance policy; or

(c) Assigning rights to seek damages related to a personal injury or tort case, arising from a settlement, verdict, or resulting judgment against the insured that is in excess of the insured's liability insurance coverage, subject to defenses available under Kentucky law.