Kentucky Statutes 304.17-020 – Scope of subtitle
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Nothing in this subtitle shall apply to or affect:
(1) Any policy of liability or workers’ compensation insurance with or without supplementary expense coverage therein.
(2) Any group or blanket policy.
(3) Life insurance, endowment or annuity contracts, or contracts supplemental thereto which contain only such provisions relating to health insurance as:
(a) Provide additional benefits in case of death or dismemberment or loss of sight by accident or accidental means, or
(b) Operate to safeguard such contracts against lapse, or to give a special surrender value or special benefit or an annuity in the event that the insured or annuitant becomes totally and permanently disabled, as defined by the contract or supplemental contract.
(4) Reinsurance.
(5) Any contract made or issued prior to June 18, 1970, together with any extensions, renewals, reinstatements or modifications thereof or amendments thereto, whenever made.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 17, sec. 2, effective June 18, 1970.
(1) Any policy of liability or workers’ compensation insurance with or without supplementary expense coverage therein.
Terms Used In Kentucky Statutes 304.17-020
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Contract: A legal written agreement that becomes binding when signed.
- insured: as used in this subtitle , shall not be construed as preventing a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits, and rights provided therein. See Kentucky Statutes 304.17-320
(2) Any group or blanket policy.
(3) Life insurance, endowment or annuity contracts, or contracts supplemental thereto which contain only such provisions relating to health insurance as:
(a) Provide additional benefits in case of death or dismemberment or loss of sight by accident or accidental means, or
(b) Operate to safeguard such contracts against lapse, or to give a special surrender value or special benefit or an annuity in the event that the insured or annuitant becomes totally and permanently disabled, as defined by the contract or supplemental contract.
(4) Reinsurance.
(5) Any contract made or issued prior to June 18, 1970, together with any extensions, renewals, reinstatements or modifications thereof or amendments thereto, whenever made.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 17, sec. 2, effective June 18, 1970.