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State statute · Kentucky

KRS Chapter 304, Subtitle 10 - Surplus Lines (304.10-010 et seq.)

Publisher
Kentucky Legislative Research Commission
Edition
Kentucky Revised Statutes, current version served by the Legislative Research Commission
Last checked
2026-09-29
Status
Kentucky Revised Statutes, public domain
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.

Read the official textPractice questions from this source

What this document is

KRS Chapter 304, Subtitle 10 - Surplus Lines (304.10-010 et seq.) 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 304.10-040(2) (Conditions for export -- Exceptions relating to diligent effort)
    “(2) The requirements of subsection (1) of this section related to a diligent effort shall not be required for coverage procured or placed for an exempt commercial purchaser if: (a) The broker procuring or placing the surplus lines insurance has disclosed to the exempt commercial purchaser that...”
  • KRS 304.10-180(1) (Taxes on surplus lines)
    “A tax at the rate of three percent (3%) on the premiums, assessments, fees, charges, or other consideration deemed part of the premium as defined in KRS 304.14-030, on surplus lines insurance placed with an insured whose home state is Kentucky subject to tax transacted by him or her with...”
  • KRS 304.10-090 (Indorsement of contract)
    “shall have conspicuously stamped upon the face page, initialed by or bearing the name of the surplus lines broker who procured it, the following: "This insurance has been placed with an insurer not licensed to transact business in the Commonwealth of Kentucky but eligible as a surplus lines...”

Practice this material

Kentucky Property & Casualty practice test

Questions about this source

KRS Chapter 304, Subtitle 10 - Surplus Lines (304.10-010 et seq.) is a state statute published by 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.

No. This page summarizes the document and links to the official version. Always rely on the text published by Kentucky Legislative Research Commission (Kentucky Revised Statutes, apps.legislature.ky.gov) for the current law.

Practice questions for Kentucky Property & Casualty cite this document.

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