There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 5. Kinds of Insurance -- Limits of Risk -- Reinsurance
304.5.030 "Annuity" defined.
Download pdfpayments for a specific term or terms, or where the making or continuance of all or some
of such payments, the amount of any such payment is dependent upon the continuance of
human life, except payments made pursuant to optional modes of settlement under KRS
304.5-020. Such a contract which includes extra benefits of the kinds set forth in KRS
304.5-020 and 304.5-040 shall nevertheless be deemed to be an annuity if such extra
benefits constitute a subsidiary or incidental part of the entire contract. Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 5, sec. 3, effective June 18, 1970.
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