154.20 -050 Contract of insurance by authority -- Authority not an insurer. To provide loan insurance pursuant to KRS 154.20 -040 and 154.20 -045, the authority may enter into a contract of insurance. The Kentucky Insurance Code shall not apply to the insurance contract, and the authority shall not be considered an insurer subject t o the Kentucky Insurance Code by virtue of entering into the contract. Effective: July 15, 1988 History: Created 1988 Ky. Acts ch. 383, sec. 10, effective July 15, 1988. Formerly codified as KRS 154.049
Kentucky Legal Code