Kentucky Statutes 304.18-125 – Liability for claims incurred during grace periods
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(1) The insurer shall be liable for valid claims for covered losses incurred prior to the end of the grace period if the premium charge is paid prior to the end of the grace period.
(2) This section shall not eliminate the responsibility of the insurer to notify persons of the right to continue or convert group health insurance coverage pursuant to KRS
304.18-110 and 304.18-120.
Effective: July 15, 2002
History: Amended 2002 Ky. Acts ch. 249, sec. 3, effective July 15, 2002. — Created
1990, Ky. Acts ch. 119, sec. 2, effective July 13, 1990.
(2) This section shall not eliminate the responsibility of the insurer to notify persons of the right to continue or convert group health insurance coverage pursuant to KRS
Terms Used In Kentucky Statutes 304.18-125
- Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
304.18-110 and 304.18-120.
Effective: July 15, 2002
History: Amended 2002 Ky. Acts ch. 249, sec. 3, effective July 15, 2002. — Created
1990, Ky. Acts ch. 119, sec. 2, effective July 13, 1990.