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304.13-063 Automobile liability and physical damage insurance provision for
reduction in premium charges.
(1)
(2)
(3)
(4)
(5)
(6)
Any schedule of rates or rating plan for automobile liability and physical
damage insurance filed with the commissioner shall provide for an appropriate
reduction in premium charges for a period of at least three (3) years and up to
five (5) years for those insureds fifty-five (55) years of age and older who
successfully complete a motor vehicle accident prevention course meeting
standards set by the Transportation Cabinet or insureds of any age who
complete a defensive driving course provided by the United States Armed
Forces to members of the United States Armed Forces. The reduction in
premium charges for members of the United States Armed Forces who
complete a defensive driving course provided by the United States Armed
Forces shall be actuarially sound. There shall, however, be no reduction in
premiums for a self-instructed course or for a course which does not provide for
classroom or field driving instruction for a minimum number of hours, to be
determined by the Transportation Cabinet.
All insurance companies writing automobile liability and physical damage
insurance in Kentucky shall allow an appropriate reduction in premium charges
to all eligible persons subject to this section.
Upon successfully completing the approved course, each participant shall be
issued by the course's sponsoring agency a certificate which shall be the basis
of qualification for the discount on insurance.
Each participant shall take an approved course each five (5) years to continue
to be eligible for the discount on insurance.
The Transportation Cabinet is hereby empowered to promulgate regulations
setting standards for the motor vehicle accident prevention course described in
subsection (1) of this section.
No discount shall be available under this section to those completing the
prescribed motor vehicle accident prevention course under a court order as a
result of a motor vehicle conviction.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1121, effective July 15, 2010. -Amended 2006 Ky. Acts ch. 194, sec. 5, effective January 1, 2007. -- Amended
1998 Ky. Acts ch. 411, sec. 1, effective July 15, 1998. -- Amended 1988 Ky.
Acts ch. 314, sec. 1, effective July 15, 1988. -- Created 1984 Ky. Acts ch. 51,
sec. 1, effective July 13, 1984.
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