2006 Kentucky Revised Statutes - .100   Exceptions to discrimination and rebate prohibition.

304.12-100 Exceptions to discrimination and rebate prohibition. Nothing in KRS 304.12-080 and 304.12-090 shall be construed as prohibiting: (1)  Payment of lawfully earned commission or other lawful compensation to duly licensed insurance producers as defined in KRS 304.9-020(7); (2)  Distribution by a participating insurer to its participating policyholders of dividends, savings, or the unused or unabsorbed portion of premiums and premium deposits; (3)  Furnishing of information, advice, or services for the purpose of reducing the loss or liability to loss under a policy; (4)  Life insurers from paying bonuses to policyholders or otherwise abating their premiums in whole or in part out of surplus accumulated from nonparticipating insurance, if such bonus or abatement is fair and equitable to all policyholders and for the best interests of the insurer and its policyholders; (5)  In the case of insurance policies issued on the debit plan, making allowance to policyholders who have continuously for a specified period made premium payments directly to an office of the insurer in an amount which fairly represents the savings in collection expense or making allowance to policyholders who make premium payments at less frequent intervals than required; or (6)  Readjustment of the rate of premium for a group insurance policy based on the loss or expense experience thereunder, at the end of any policy year of insurance thereunder, which may be made retroactive only for such policy year. Effective: June 20, 2005 History: Amended 2005 Ky. Acts ch. 143, sec. 22, effective June 20, 2005. -- Amended 2002 Ky. Acts ch. 273, sec. 43, effective July 15, 2002. -- Created 1970 Ky. Acts ch. 301, subtit. 12, sec. 10, effective June 18, 1970.