Kentucky Statutes 304.44-040 – Refusal to provide subsidence coverage permitted
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An insurer may refuse to provide subsidence coverage on a structure evidencing unrepaired subsidence damage until necessary repairs are made or where the insurer has declined, nonrenewed or canceled all coverage under a policy for underwriting reasons unrelated to mine subsidence.
Effective: July 13, 1984
History: Created 1984 Ky. Acts ch. 167, sec. 4, effective July 13, 1984.
Effective: July 13, 1984
Terms Used In Kentucky Statutes 304.44-040
- Mine subsidence: means the collapse of underground coal mines resulting in direct damage to a structure. See Kentucky Statutes 304.44-010
- Policy: means a contract of insurance providing mine subsidence insurance. See Kentucky Statutes 304.44-010
- Structure: means any dwelling, building, or fixture permanently affixed to realty, but does not include land, trees, plants, or crops. See Kentucky Statutes 304.44-010
History: Created 1984 Ky. Acts ch. 167, sec. 4, effective July 13, 1984.