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304.17-230
Insurance with other insurers -- Other benefits -- "Other valid
coverage."
(1)
(2)
(3)
There may be a provision as follows:
"Insurance with Other Insurers: If there be other valid coverage, not with this
insurer, providing benefits for the same loss on other than an expense incurred basis
and of which this insurer has not been given written notice prior to the occurrence
or commencement of loss, the only liability for such benefits under this policy shall
be for such proportion of the indemnities otherwise provided hereunder for such
loss as the like indemnities of which the insurer had notice (including the
indemnities under this policy) bear to the total amount of all like indemnities for
such loss, and for the return of such portion of the premium paid as shall exceed the
pro rata portion for the indemnities thus determined."
If the policy provision set out in subsection (1) of this section is included in a policy
which also contains the policy provision set out in subsection (1) of KRS 304.17220, there shall be added to the caption of the foregoing provisions the phrase "...
Other Benefits."
The insurer may, at its option, include in the provision set out in subsection (1) of
this section, a definition of "other valid coverage" approved as to form by the
commissioner, which definition shall be limited in subject matter to coverage
provided by organizations subject to regulation by insurance laws or by insurance
authorities of this or any other state of the United States or any province of Canada,
and to any other coverage the inclusion of which may be approved by the
commissioner. In the absence of such definition such term shall not include group
insurance, or benefits provided by union welfare plans or by employer or employee
benefit organizations. For the purpose of applying the foregoing policy provision
with respect to any insured, any amount of benefit provided for such insured
pursuant to any compulsory benefit statute, including any workers' compensation or
employer's liability statute, whether provided by a governmental agency or
otherwise, shall in all cases be deemed to be "other valid coverage" of which the
insurer has had notice. In applying such policy provision no third-party liability
coverage shall be included as "other valid coverage."
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1205, effective July 15, 2010. -- Created
1970 Ky. Acts ch. 301, subtit. 17, sec. 23, effective June 18, 1970.
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