806 Ky. Admin. Regs. 14:090

Current through Register Vol. 51, No. 6, December 1, 2024

Section 806 KAR 14:090 - Grouping for preferential treatment prohibited

RELATES TO: KRS 304.12-080, 304.13-051, 304.14-120

NECESSITY, FUNCTION, AND CONFORMITY: KRS 304.2-110 authorizes the Commissioner of Insurance to promulgate administrative regulations necessary for or as an aid to the effectuation of any provision of the Kentucky Insurance Code, as defined in KRS 304.1-010. This administrative regulation prohibits the grouping of persons or risks for preferential treatment in insurance rates or forms.

Section 1. A form, plan, or policy of insurance covering any group or combination of persons or risks, other than life or health insurance, shall not be written or delivered within or outside the Commonwealth of Kentucky to cover a Kentucky person or risk at any preferred rate or form other than that offered to the public generally, unless the form, plan, or policy and the rate or premium to be charged have been submitted to and approved by the Commissioner of Insurance.

806 KAR 14:090

I-14.07; 1 Ky.R. 1082; eff. 5-14-75; TAm eff. 8-9-2007; Crt eff. 2-26-2020; 47 Ky.R. 1658, 2389; eff. 8-3-2021.

STATUTORY AUTHORITY: KRS 304.2-110