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304.36-030 Scope of subtitle.
(1)
(2)
This subtitle shall apply to all kinds of direct insurance, except:
(a) Life, annuity, health, or disability;
(b) Mortgage guaranty, financial guaranty, or other forms of insurance
offering protection against investment risks;
(c) Credit insurance, vendors' single interest insurance, or collateral
protection insurance or any similar insurance protecting the interests of a
creditor arising out of a creditor-debtor transaction;
(d) Insurance of warranties or service contracts, including insurance that
provides for the repair, replacement, or service of goods or property,
indemnification for repair, replacement, or service for the operational or
structural failure of the goods or property due to a defect in materials,
workmanship, or normal wear and tear, or that provides reimbursement
for the liability incurred by the issuer of agreements or service contracts
that provide these benefits;
(e) Title insurance;
(f) Ocean marine insurance;
(g) Any transaction or combination of transactions between a person,
including affiliates of the person, and an insurer, including affiliates of the
insurer, that involves the transfer of investment or credit risk and that is
unaccompanied by transfer of insurance risk; or
(h) Any insurance provided, written, reinsured, or guaranteed by any
government or governmental agencies.
Notwithstanding subsection (1) of this section, this subtitle shall apply to health
insurance where such insurance is written by a member of the Kentucky
Insurance Guaranty Association.
Effective:July 15, 1998
History: Amended 1998 Ky. Acts ch. 99, sec. 2, effective July 15, 1998. -Amended 1982 Ky. Acts ch. 123, sec. 16, effective July 15, 1982. -- Created
1972 Ky. Acts ch. 137, sec. 3, effective June 16, 1972.
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