Kentucky Statutes 299.360 – Classification of insured property — Separation of risks
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(1) A company may classify the property or buildings insured therein, either at the time of insurance or at any other time, in the manner provided for in the bylaws. All classifications shall be made uniform as between all members of the company.
(2) Requirements as to the separation of one (1) risk from another shall be left to the discretion of the officers of the company.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 706, 708.
(2) Requirements as to the separation of one (1) risk from another shall be left to the discretion of the officers of the company.
Terms Used In Kentucky Statutes 299.360
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. secs. 706, 708.