Terms and conditions of contracts and certificates or other evidence of insurance coverage sold or issued in this Commonwealth providing motor vehicle tort liability, basic reparation, and added reparation insurance coverages, and of forms used by insurers offering these coverages, are subject to approval and regulation by the commissioner of insurance. The commissioner shall approve only terms and conditions consistent with the purposes of this subtitle and fair and equitable to all persons whose interests may be affected.
KRS 304.39-150
Approval of terms and forms
Applied in 2 court decisions — leading case Bishop v. Allstate Insurance Co. (1981)
Most recently applied in Beacon Insurance Co. of America v. State Farm Mutual Insurance Co. (September 1990)
Effective: July 15, 2010 History: Amended 2010 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.