2011 Kentucky Revised Statutes Subtitle 39. Motor Vehicle Reparations Act 304.39.083 Binder cancellation -- Notification to Department of Vehicle Regulation.
KY Rev Stat § 304.39.083 (1996 through Reg Sess) What's This?
304.39-083 Binder cancellation -- Notification to Department of Vehicle Regulation.
(1)
(2)
If the owner of a motor vehicle has been issued a binder, or other contract for
temporary insurance, for motor vehicle security and subsequently contacts the agent
who issued the binder or other contract for temporary insurance to cancel the motor
vehicle security before the agent has forwarded the person's application for a binder
or other contract for temporary insurance to the insurance company, the agent shall
immediately notify the Department of Vehicle Regulation that the owner has
canceled the binder for motor vehicle security.
The agent notification required by subsection (1) of this section may be through
verbal communication or written communication with the Department of Vehicle
Regulation. The agent shall notify the department of the following information:
(a) The name, address, and telephone number of the owner who canceled the
binder or other contract for temporary insurance;
(b) The name of the insurer who issued the binder or other contract for temporary
insurance;
(c) The year, make or model, and vehicle identification number of the motor
vehicle on which the binder or other contract for temporary insurance was
issued;
(d) The date the binder or other contract for temporary insurance was issued; and
(e) The date the binder or other contract for temporary insurance was canceled.
The department shall respond to all agent notifications in writing confirming that an
agent notified the department with the information required by this subsection. If
the agent notifies the department verbally, the agent shall, within five (5) business
days of the initial notification, send a letter to the department, setting forth the
required information in writing.
Effective: July 15, 1996
History: Created 1996 Ky. Acts ch. 341, sec. 9, effective July 15, 1996.
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