There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 19. Credit Life Insurance
304.19.110 Claims.
Download pdfbe settled as soon as possible and in accordance with the terms of the insurance
contract. (2) All claims shall be paid either by draft drawn upon the insurer or by check of the insurer to the order of the claimant to whom payment of the claim is due pursuant to
the policy provisions, or upon direction of such claimant to one specified. (3) No plan or arrangement shall be used whereby any person, firm or corporation other than the insurer or its designated claim representative shall be authorized to settle or
adjust claims. The creditor shall not be designated as claim representative for the
insurer in adjusting claims; provided, that a group policyholder may, by
arrangement with the group insurer, draw drafts or checks in payment of claims due
to the group policyholder subject to audit and review by the insurer. Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 19, sec. 11, effective June 18, 1970.
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