304.20-042 Termination or refusal to issue insurance due to credit history prohibited. (1) No insurer shall decline to issue, cancel, nonrenew, or otherwise terminate property and casualty insurance contracts covering personal risks solely because of credit history, lack of credit history, or the following extraordinary life circumstances that directly influence the credit history of the applicant or insured: (a) Catastrophic event, as declared by the federal or state government; (b) Serious illness or injury, or serious illness or injury to an immediate family member; (c) Death of a spouse, child, or parent; (d) Divorce or involuntary interruption of legally owed alimony or support payments; (e) Identity theft; (f) Temporary loss of employment for a period of three (3) months or more, if it results from involuntary termination; (g) Military deployment overseas; or (h) Other events, as determined by the insurer. (2) For purposes of this section, "personal risks" shall have the meaning as defined in KRS 304.13-011. Effective: July 12, 2012 History: Amended 2012 Ky. Acts ch. 116, sec. 8, effective July 12, 2012. -- Amended 2000 Ky. Acts ch. 540, sec. 4, effective July 14, 2000. -- Created 1998 Ky. Acts ch. 212, sec. 3, effective July 15, 1998.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
