Kinds of Insurance; Limits of Risk; Reinsurance (304.5-010 et seq., incl. 304.5-050 definition of property insurance): KRS Chapter 304, Subtitle 5
Edition and licensing notes
Publisher. Kentucky Legislative Research Commission (Kentucky Revised Statutes, apps.legislature.ky.gov)
Edition. Kentucky Revised Statutes, current version served by the Legislative Research Commission; retrieved 2026-09-29
Status. Kentucky Revised Statutes, public domain.
What this document is
KRS Chapter 304, Subtitle 5 - Kinds of Insurance; Limits of Risk; Reinsurance (304.5-010 et seq., incl. 304.5-050 definition of property insurance) is a state statute published by Kentucky Legislative Research Commission (Kentucky Revised Statutes, apps.legislature.ky.gov). It is one of the Kentucky documents that insurance license exam questions are written from, including kentucky property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- KRS 304.5-050 ("Property insurance" defined)
“"Property insurance" is insurance on real or personal property of every kind and of every interest therein against loss or damage from any and all hazard or cause, and against loss consequential upon such loss or damage, other than noncontractual legal liability for any such loss or damage....”
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