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KRS 304.30-010

Application

Effective: June 19, 1976 History: Amended 1976 Ky

The provisions of this subtitle shall not apply with respect to:

(1) Any insurer licensed to do business in this state;

(2) Any banking institution, trust, loan, mortgage, safe deposit company, or title insurer, building association, credit union, moneylenders, or common trust fund authorized to do business in this state;

(3) The inclusion of a charge for insurance in connection with an installment sale of a motor vehicle made in accordance with KRS Chapter 190; and (4) The inclusion of a late charge not to exceed eighteen percent (18%) per annum on insurance premium accounts held by any agent once those accounts remain unpaid for a period of thirty (30) days beyond the date that the original premium was due and owing.

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