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2021 Kentucky Revised Statutes
Chapter 304 - Insurance code
Subtitle 304.44 - Mine Subsidence Insurance
304.44-010 Definitions for subtitle.

Universal Citation: KY Rev Stat § 304.44-010 (2021)
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304.44-010 Definitions for subtitle. As used in this subtitle, unless the context requires otherwise: (1) "Department" means the Department of Insurance; (2) "Mine subsidence" means the collapse of underground coal mines resulting in direct damage to a structure. It does not include loss caused by earthquake, landslide, water seepage, volcanic eruption, or collapse of storm, and sewer drains; (3) "Mine subsidence insurance fund" or "fund" means the fund established by this subtitle and administered as determined by the department; (4) "Policy" means a contract of insurance providing mine subsidence insurance; (5) "Premium" means the gross rate charged policyholders for insurance provided by this subtitle; (6) "Structure" means any dwelling, building, or fixture permanently affixed to realty, but does not include land, trees, plants, or crops; and (7) "Administrator" means the organization designated by the commissioner of the department to administer the fund. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1570, effective July 15, 2010. -Amended 1998 Ky. Acts ch. 483, sec. 30, effective July 15, 1998. -- Amended 1994 Ky. Acts ch. 93, sec. 19, effective July 15, 1994. -- Created 1984 Ky. Acts ch. 167, sec. 1, effective July 13, 1984.
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