304.44-010 Definitions for subtitle.

KY Rev Stat § 304.44-010 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

304.44-010 Definitions for subtitle. As used in this subtitle, unless the context requires otherwise: (1) (2) (3) (4) (5) (6) (7) "Department" means the Department of Insurance; "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; "Mine subsidence insurance fund" or "fund" means the fund established by this subtitle and administered as determined by the department; "Policy" means a contract of insurance providing mine subsidence insurance; "Premium" means the gross rate charged policyholders for insurance provided by this subtitle; "Structure" means any dwelling, building, or fixture permanently affixed to realty, but does not include land, trees, plants, or crops; and "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.