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KRS 304.44-010

Definitions for subtitle

Effective: July 15, 2010 History: Amended 2010 Ky

As used in this subtitle, unless the context requires otherwise:

(1) "Department" means the Department of Insurance;

(2) "Mine subsidence" means the collapse of underground coal mines resulting in direct damage to a structure. It does not include loss caused by earthquake, landslide, water seepage, volcanic eruption, or collapse of storm, and sewer drains;

(3) "Mine subsidence insurance fund" or "fund" means the fund established by this subtitle and administered as determined by the department;

(4) "Policy" means a contract of insurance providing mine subsidence insurance;

(5) "Premium" means the gross rate charged policyholders for insurance provided by this subtitle;

(6) "Structure" means any dwelling, building, or fixture permanently affixed to realty, but does not include land, trees, plants, or crops; and (7) "Administrator" means the organization designated by the commissioner of the department to administer the fund.

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