Kentucky Statutes 304.20-410 – Discounts for motor vehicles with antitheft devices
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(1) Motor vehicle insurance companies shall give an appropriate discount, based on sound actuarial principles, on comprehensive coverage for insured motor vehicles with an antitheft device or mechanism.
(2) If two (2) or more antitheft devices or mechanisms are attached to a motor vehicle, the total discount shall be that applicable to the device or mechanism that meets the insurer’s standards for the highest discount.
Effective: January 1, 2021
History: Repealed and reenacted 2020 Ky. Acts ch. 47, sec. 3, effective January 1,
2021. — Created 1986 Ky. Acts ch. 352, sec. 3, effective July 15, 1986.
Legislative Research Commission Note (1/1/2021). 2020 Ky. Acts ch. 47, sec. 6 provided that the language that was repealed and reenacted for this statute in Section
3 of that Act applies to all motor vehicle insurance policies issued or renewed on or after the effective date of that section, which was January 1, 2021.
(2) If two (2) or more antitheft devices or mechanisms are attached to a motor vehicle, the total discount shall be that applicable to the device or mechanism that meets the insurer’s standards for the highest discount.
Terms Used In Kentucky Statutes 304.20-410
- Statute: A law passed by a legislature.
Effective: January 1, 2021
History: Repealed and reenacted 2020 Ky. Acts ch. 47, sec. 3, effective January 1,
2021. — Created 1986 Ky. Acts ch. 352, sec. 3, effective July 15, 1986.
Legislative Research Commission Note (1/1/2021). 2020 Ky. Acts ch. 47, sec. 6 provided that the language that was repealed and reenacted for this statute in Section
3 of that Act applies to all motor vehicle insurance policies issued or renewed on or after the effective date of that section, which was January 1, 2021.