All life insurance and all health insurance in connection with loans or other credit transactions shall be subject to the provisions of this subtitle, except health insurance in connection with a loan or other credit transaction of more than five (5) years' duration or life insurance in connection with a loan or other credit transaction of more than ten (10) years' duration; nor shall insurance be subject to the provisions of this subtitle, where the issuance of such insurance is an isolated transaction on the part of the insurer not related to an agreement or a plan for insuring debtors of the creditor.
KRS 304.19-010
Scope
Applied in 1 court decision — leading case Morton v. BANK OF THE BLUEGRASS AND TRUST (1999)
Most recently applied in Morton v. BANK OF THE BLUEGRASS AND TRUST (September 1999)
Effective: July 15, 1980 History: Amended 1980 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.