There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 45. Product Liability Risk Retention Groups
304.45.050 Exemptions.
Download pdfLiability Risk Retention Act, 15 U.S.C. secs. 3901 et seq., shall be exempt from any law
of this state relating to the creation of groups for the purchase of insurance, the
countersignature requirement as provided in KRS 304.3-240, prohibition of group
purchasing of insurance, or any law that would discriminate against a purchasing group or
its members. In addition, an insurer shall be exempt from any law of this state which
prohibits providing, or offering to provide, to a purchasing group or its members
advantages based on their loss and expense experience not afforded to other persons with
respect to rates, policy forms, coverages, or other matters. A purchasing group shall be
subject to all other applicable laws of this state. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 166, sec. 13, effective July 15, 2010. -- Amended 1990 Ky. Acts ch. 165, sec. 5, effective July 13, 1990. -- Created 1986 Ky. Acts
ch. 308, sec. 5, effective July 15, 1986.
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