Ky. Rev. Stat. § 304.13-171

Current through 2024 Ky. Acts ch. 225

Section 304.13-171 - 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.

KRS 304.13-171

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1136, effective7/15/2010. -- Created 2000, Ky. Acts ch. 314, sec. 1, effective 7/14/2000.