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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.20-300.Purpose and application of KRS 304.20-320 to 304.20-350

Current as of January 01, 2024 | Updated by FindLaw Staff

(1) The purpose of KRS 304.20-320 to 304.20-350 is to regulate declinations, cancellations, and refusals to renew certain policies of property or casualty insurance as defined in KRS 304.5-050 and 304.5-070 which are delivered, issued for delivery, or renewed after July 15, 1986, and to require specific reasons for such action.

(2) KRS 304.20-320 to 304.20-350 does not apply to:

(a) Automobile liability insurance policies protected by KRS 304.20-040; or

(b) Any policy issued through a residual market mechanism.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.20-300.Purpose and application of KRS 304.20-320 to 304.20-350 - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-20-300/

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