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304.12-080 Unfair discrimination prohibited.
(1)
(2)
(3)
No insurer, other than a life insurer or health insurer, shall make or permit any
unfair discrimination in favor of particular persons, or between insureds or
subjects of insurance having substantially like insuring risk, and exposure
factors, or expense elements, in the terms or conditions of any insurance
contract, or in the rate or amount of premium charged therefor. This subsection
shall not apply as to any premium or premium rate in effect pursuant to Subtitle
13.
No insurer shall make or permit any unfair discrimination between individuals
of the same class and equal expectation of life in the rates charged for any
contract of life insurance or of life annuity or in the dividends or other benefits
payable thereon, or in any other of the terms and conditions of such contract,
except that in determining the class, consideration may be given to the nature
of the risk, plan of insurance, the actual or expected expense of conducting the
business or any other relevant factor.
No insurer shall make or permit any unfair discrimination between individuals
of the same class involving essentially the same hazards in the amount of
premium, policy fees, or rates charged for any policy or contract of health
insurance or in the benefits payable thereunder, or in any of the terms or
conditions of such contract, or in any other manner whatsoever, except that in
determining the class, consideration may be given to the nature of the risk,
plan of insurance, the actual or expected expense of conducting the business
or any other relevant factor.
Effective:June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 12, sec. 8, effective June 18, 1970.
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