Ky. Rev. Stat. § 304.1-030
Current through 2024 Ky. Acts ch. 225
"Insurance" is a contract whereby one undertakes to pay or indemnify another as to loss from certain specified contingencies or perils called "risks," or to pay or grant a specified amount or determinable benefit or annuity in connection with ascertainable risk contingencies, or to act as surety.
KRS 304.1-030
Created 1970 Ky. Acts ch. 301, subtit. 1, sec. 3, effective6/18/1970.