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KRS 304.10-020

Exemptions from Surplus Lines Law

Known as the Surplus Lines Law

The act spans §§ 304–304 (22 sections).

Effective: July 14, 2000 History: Amended 2000 Ky

This Surplus Lines Law shall not apply to reinsurance, or to the following insurances when so placed by agents or surplus lines brokers licensed in this state:

(1) Ocean marine and foreign trade insurances.

(2) Insurance on subjects located, resident, or to be performed wholly outside of this state, or on vehicles or aircraft owned and principally garaged outside this state.

(3) Insurance on operations of railroads engaged in transportation in interstate commerce and their property used in such operations.

(4) Insurance of aircraft owned or operated by manufacturers of aircraft or of aircraft operated in commercial interstate flight or cargo of aircraft or against liability other than workers' compensation and employer's liability arising out of the ownership, maintenance, or use of aircraft.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.