KRS 304.12-150: Notice of free choice of agent or insurer.

Every debtor, borrower, or purchaser of property with respect to which insurance of any

kind is required in connection with a debt or loan on the property shall be informed by the

creditor or lender of his or her right of free choice in the selection of the agent and insurer

through or by which such insurance is to be placed. There shall be no interference either

directly or indirectly with the borrower's, debtor's, or purchaser's free choice of an agent

and of an insurer, the creditor or lender shall not collect a separate charge for the handling

of insurance required in connection with a loan or extension of credit based on the

consumer's choice of agent or insurer, and the creditor or lender shall not refuse an

adequate policy so tendered by the borrower, debtor, or purchaser. Upon notice of any

refusal of an adequate policy, the commissioner shall order the creditor or lender to

accept the tendered policy, if he or she determines that such refusal is not in accordance

with the requirements set out in subs ection (2) of KRS 304.12 -140. Failure to comply

with the order of the commissioner shall be deemed a violation of this section.