Kentucky Statutes 304.30-010 – Application
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The provisions of this subtitle shall not apply with respect to: (1) Any insurer licensed to do business in this state;
(2) Any banking institution, trust, loan, mortgage, safe deposit company, or title insurer, building association, credit union, moneylenders, or common trust fund authorized to do business in this state;
(3) The inclusion of a charge for insurance in connection with an installment sale of a motor vehicle made in accordance with KRS Chapter 190; and
(4) The inclusion of a late charge not to exceed eighteen percent (18%) per annum on insurance premium accounts held by any agent once those accounts remain unpaid for a period of thirty (30) days beyond the date that the original premium was due and owing.
Effective: June 19, 1976
History: Amended 1976 Ky. Acts ch. 357, sec. 1, effective June 19, 1976. — Created
1970 Ky. Acts ch. 301, subtit. 30, sec. 1, effective June 18, 1970.
(2) Any banking institution, trust, loan, mortgage, safe deposit company, or title insurer, building association, credit union, moneylenders, or common trust fund authorized to do business in this state;
Terms Used In Kentucky Statutes 304.30-010
- agent: includes managing general agent unless the context requires otherwise. See Kentucky Statutes 304.9-085
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(3) The inclusion of a charge for insurance in connection with an installment sale of a motor vehicle made in accordance with KRS Chapter 190; and
(4) The inclusion of a late charge not to exceed eighteen percent (18%) per annum on insurance premium accounts held by any agent once those accounts remain unpaid for a period of thirty (30) days beyond the date that the original premium was due and owing.
Effective: June 19, 1976
History: Amended 1976 Ky. Acts ch. 357, sec. 1, effective June 19, 1976. — Created
1970 Ky. Acts ch. 301, subtit. 30, sec. 1, effective June 18, 1970.