Section 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:7/15/1986
Created 1986 Ky. Acts ch. 426, sec. 1, effective7/15/1986.