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304.17-190 Change of occupation.
There may be a provision as follows:
"Change of Occupation: If the insured be injured or contract sickness after
having changed his occupation to one classified by the insurer as more
hazardous than that stated in this policy or while doing for compensation
anything pertaining to an occupation so classified, the insurer will pay only
such portion of the indemnities provided in this policy as the premium paid
would have purchased at the rate and within the limits fixed by the insurer for
such more hazardous occupation. If the insured changes his occupation to one
classified by the insurer as less hazardous than that stated in this policy, the
insurer, upon receipt of proof of such change of occupation, will reduce the
premium rate accordingly, and will return the excess pro rata unearned
premium from the date of change of occupation or from the policy anniversary
date immediately preceding receipt of such proof, whichever is the more
recent. In applying this provision, the classification of occupational risk and the
premium rates shall be such as have been last filed by the insurer prior to the
occurrence of the loss for which the insurer is liable or prior to date of proof of
change in occupation with the state official having supervision of insurance in
the state where the insured resided at the time this policy was issued; but if
such filing was not required, then the classification of occupational risk and the
premium rates shall be those last made effective by the insurer in such state
prior to the occurrence of the loss or prior to the date of proof of change in
occupation."
Effective:June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 17, sec. 19, effective June 18,
1970.
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