To provide loan insurance pursuant to KRS § 154.20-040 and KRS § 154.20-045, the authority may enter into a contract of insurance. The Kentucky Insurance Code shall not apply to the insurance contract, and the authority shall not be considered an insurer subject to the Kentucky Insurance Code by virtue of entering into the contract.
Effective: July 15, 1988

Terms Used In Kentucky Statutes 154.20-050

  • Authority: means the Kentucky Economic Development Finance Authority, consisting of a committee as set forth in KRS §. See Kentucky Statutes 154.1-010
  • Contract: A legal written agreement that becomes binding when signed.

History: Created 1988 Ky. Acts ch. 383, sec. 10, effective July 15, 1988.
Formerly codified as KRS § 154.049

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