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State statute · Kentucky

KRS Chapter 304, Subtitle 20

Casualty, Automobile and Property Insurance Contracts: declination, nonrenewal and cancellation (304.20-040, 304.20-300 to 304.20-350)

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 20 - Casualty, Automobile and Property Insurance Contracts: declination, nonrenewal and cancellation (304.20-040, 304.20-300 to 304.20-350) 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, kentucky personal lines 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 304.20-330 (Reasons for cancellation, introductory paragraph)
    “After coverage has been in effect more than sixty (60) days or after the effective date of a renewal policy a notice of cancellation shall not be issued unless it is based on at least one (1) of the following reasons:”
  • KRS 304.20-310(4) (Definitions for KRS 304.20-320 to 304.20-350, "Declination")
    “For the purposes of KRS 304.20-320 to 304.20-350, the offering of insurance coverage with a company within an insurance group which is different from the company requested on the nonbinding application or written request for coverage, or the offering of insurance upon different terms than requested...”
  • KRS 304.20-020(1) (Uninsured vehicle coverage)
    “provided that any named insured shall have the right to reject in writing such coverage; and provided further that the rejection shall be valid for all insureds under the policy, and unless a named insured requests such coverage in writing, such coverage need not be provided in or supplemental to a...”
  • KRS 304.20-040(2)(a) (Cancellation, nonrenewal, or termination of automobile insurance)
    “(2) (a) A notice of cancellation of a policy shall be effective only if it is based on one (1) or more of the following reasons: 1. Nonpayment of premium; 2. The driver's license or motor vehicle registration of the named insured or of any other operator who either resides in the same household or...”
  • KRS 304.20-320(2)(b) (Cancellations)
    “The notice of cancellation referred to in paragraph (a) of this subsection shall be mailed or delivered by the insurer to the named insured at least fourteen (14) days prior to the effective date of the cancellation if the cancellation is for nonpayment of premium or occurs within sixty (60) days...”
  • KRS 304.20-340(7) (Declination or termination prohibited, when)
    “Based solely upon the fact that the applicant or named insured has sustained one (1) or more losses that immediately result from a natural cause without the intervention of any person and that could not have been prevented by the exercise of prudence, diligence, and care.”
  • KRS 304.20-320(3)(b) (Nonrenewals)
    “If notice is not provided pursuant to paragraphs (a) and (b) of this subsection, coverage shall be deemed to be renewed for the ensuing policy period upon payment of the appropriate premium under the same terms and conditions, and subject to the provisions of KRS 304.20-330, until the named insured...”
  • KRS 304.20-047 (Cancellation, nonrenewal, or premium increase because of simple coverage inquiry prohibited)
    “No insurer shall cancel, refuse to renew, or increase the premium on an automobile insurance policy on an automobile owned by an insured who is employed by the Commonwealth of Kentucky because of an accident which occurred while the insured was acting in the scope and course of his employment as a...”
  • KRS 304.20-042(1) (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...”
  • KRS 304.20-260 (Maximum coverage for loss or damage to structure)
    “no insurer shall deliver, issue for delivery or renew any policy or policies providing coverage for loss or damage to a structure located in this Commonwealth for an amount greater than one hundred percent (100%) of the replacement cost of the structure. For the purpose of this section, "structure"...”
  • KRS 304.20-040(4)(b) (Cancellation, nonrenewal, or termination of automobile insurance)
    “(b) The applicant or insured has previously obtained automobile coverage through a residual market mechanism or from a carrier providing nonstandard coverage;”
  • KRS 304.20-040(5) (Cancellation, nonrenewal, or termination of automobile insurance)
    “(5) No insurer shall fail to renew a policy unless it shall mail or deliver to the named insured, at the address shown in the policy, at least seventy-five (75) days' advance notice of its intention not to renew. If notice is not provided, coverage shall be deemed to be renewed for the ensuing...”

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Questions about this source

KRS Chapter 304, Subtitle 20 - Casualty, Automobile and Property Insurance Contracts: declination, nonrenewal and cancellation (304.20-040, 304.20-300 to 304.20-350) 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, Kentucky Personal Lines cite this document.

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