304.1 3-171 Property or casualty insurance policy underwriting fee -- Requirement for prior approval. (1) Any policy fee as related to underwriting expenses for a property or casualty insurance contract, issued or renewed on or after July 14, 2000, by an agent licensed under KRS 304.9 -085, shall be deemed fully earned. The fee shall only be collected if coverage is provided. (2) All fees referred to in subsection (1) of this section shall be submitted to the commissioner for prior approval. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1136, effective July 15, 2010. -- Created 2000 Ky. Acts ch. 314, sec. 1, effective July 14, 2000.
Kentucky Legal Code