Kentucky Revised Statutes (Last Updated: May 10, 2014) |
TITLE XXV. BUSINESS AND FINANCIAL INSTITUTIONS |
CHAPTER 304. INSURANCE CODE |
Subtitle 15. Life Insurance and Annuity Contracts |
15-010. Scope of Subtitle 15. |
15-020. Definitions. |
15-030. "Ordinary" and "industrial" insurance construed. |
15-035. Securities Act of Kentucky not preempted by subtitle. |
15-040. Standard provisions required. |
15-045. Letter of acceptance and financing agreement to be part of college life insurance policy. |
15-050. Payment of premiums -- Return of policy. |
15-060. Grace period. |
15-070. Entire contract. |
15-075. Notice of policy owner's rights -- Contents -- Conditions requiring notice to be given -- Application to policies $100,000 or greater permitted. |
15-080. Incontestability. |
15-090. Misstatement of age or sex. |
15-100. Dividends. |
15-110. Policy loans. |
15-115. Life insurance policy loan interest rates. |
15-120. Table of installments. |
15-130. Reinstatement. |
15-140. Repealed, 1994. [Repealed] |
15-150. Beneficiary, industrial policies. |
15-160. Title. |
15-170. Excluded or restricted coverage. |
15-175. Notice by insurer of paid-up life insurance policy. |
15-180. Standard provisions -- Annuity and pure endowment contracts. |
15-190. Grace period -- Annuities. |
15-200. Incontestability -- Annuities. |
15-210. Entire contract -- Annuities. |
15-220. Misstatement of age or sex -- Annuities. |
15-230. Dividends -- Annuities. |
15-240. Reinstatement -- Annuities. |
15-250. Standard provisions -- Reversionary annuities. |
15-260. Limitation of liability. |
15-270. Incontestability, limitation of liability after reinstatement. |
15-280. Prohibited provisions. |
15-290. Provisions required by law of other jurisdiction. |
15-300. Short title. |
15-310. Nonforfeiture provisions. |
15-312. Policies without cash surrender value. |
15-315. Standard Nonforfeiture Law for Individual Deferred Annuities. |
15-320. Cash surrender value. |
15-322. Notification of insured of cash surrender value. |
15-330. Paid-up nonforfeiture benefits. |
15-340. Adjusted premiums. |
15-342. Adjusted premiums operative at option of insurer or on January 1, 1989. |
15-344. Commissioner's approval. |
15-350. Calculation of cash surrender value and paid-up nonforfeiture benefit of certain policies on default. |
15-352. Cash surrender value -- Nonforfeiture factor. |
15-360. Exceptions. |
15-365. Standard Nonforfeiture Law for Individual Deferred Annuities of 2005. |
15-370. Disposition of miscellaneous proceeds. |
15-380. Participating, nonparticipating policies -- Right to issue. |
15-390. Pension, retirement, profit-sharing, life insurance, or annuity agreements -- Separate accounts. |
15-400. Prohibited policy plans. |
15-410. Minimum reserves. |
15-420. Unclaimed Life Insurance Benefits Act. |
Life Settlements |
15-700. Licensing requirements governing life settlement providers and brokers -- Contracts -- Commissioner's approval required -- Forms. |
15-702. Permitted questioning of life insurance applicant concerning financing of premium payments. |
15-705. Commissioner's authority to examine -- Retention and inspection of records. |
15-708. Emergency cease and desist order when public health, safety, or welfare is endangered -- Fee. |
15-709. Remedies of department and of persons damaged by life settlement violations. |
15-710. Life settlement provider's duties of disclosure to owner. |
15-712. Permitted and prohibited life insurance advertising and marketing. |
15-715. Requirements for life settlement contracts. |
15-716. Violation due to time of contract -- Conditions -- Procedure -- Satisfaction of requirements. |
15-717. Circumstances under which life settlement transactions are unlawful -- Required statement regarding false information -- Furnishing information regarding fraudulent life settlement acts. |
15-718. Requirements governing execution of life settlement contracts. |
15-719. Annual statement to be filed with commissioner -- Administrative regulations. |
15-720. Powers of commissioner. |
15-725. KRS 304.15-020 and KRS 304.15-700 to 304.15-720 subject to Subtitle 12 of this chapter. |