Filing of rates -- Rate standard -- Adherence
Applied in 1 court decision — leading case Scott v. First American Title Insurance (2011)
Most recently applied in Scott v. First American Title Insurance (August 2011)
Effective: July 15, 2010 History: Amended 2010 Ky
(1) Every title insurer shall, before use in this state, file with the commissioner its schedule of the risk portion of premium rates for title insurance, and thereafter every modification or amendment thereof.
(2) Rates for title insurance shall not be excessive, inadequate, or unfairly discriminatory.
(3) The insurer shall adhere to the rates as so filed by it.
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.