There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 227 FIRE PREVENTION AND PROTECTION
227.625 Liability insurance -- Prerequisite for license.
Download pdfauthorized to transact insurance business within the Commonwealth of Kentucky.
The policy of insurance must be issued in the name of the applicant licensee. (2) The board shall by regulation establish the minimum amount of liability insurance required herein. (3) No insurance carrier issuing any policy filed with the department shall be relieved from liability under the policy until after the expiration of fifteen (15) days' notice to
the department of an intention to cancel the policy, provided, however, that a prior
cancellation may be allowed in cases where one (1) policy is substituted for another
policy when the substituted policy is in force and effect prior to the expiration of
fifteen (15) days' notice to the department of an intention to cancel the policy which
is being substituted. (4) Upon cancellation of any policy of insurance required by this section, all operating rights granted by the license for which the said policy was filed, shall immediately
cease and the department shall have the authority to immediately require the
cessation of all operations conducted under the authority of the said license and to
require the surrender of all licenses, certificates, and seals previously issued
hereunder. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 421, effective July 15, 2010. -- Created 1976 Ky. Acts ch. 136, sec. 8.
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