304.20 -300 Purpose and application of KRS 304.20 -320 to 304.20 -350. (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. Effective: July 15, 1986 History: Created 1986 Ky. Acts ch. 426, sec. 1, effective July 15, 1986.
Kentucky Legal Code