Upon the written application of the insured, stating his or her reasons therefor, filed with and approved by the commissioner, a rate in excess of that provided by a filing otherwise applicable may be used on any specific risk.
Effective: July 15, 2010

Terms Used In Kentucky Statutes 304.13-100

  • Rate: means the expected value of the future cost of insurance per exposure unit which accounts for the treatment of losses, expenses, and profit prior to any application of individual risk variations based on loss or expense considerations, but does not include minimum premium. See Kentucky Statutes 304.13-011

History: Amended 2010 Ky. Acts ch. 24, sec. 1126, effective July 15, 2010. — Amended 1980 Ky. Acts ch. 187, sec. 8, effective July 15, 1980. — Amended 1978
Ky. Acts ch. 155, sec. 138, effective June 17, 1978. — Created 1970 Ky. Acts ch.
301, subtit. 13, sec. 10, effective June 18, 1970.

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