KRS 304.14-420: Minimum standards regulations.

(1) No insurance policy for homeowners, dwelling fire, automobile, accident and

health, life or other forms of personal insurance shall be delivered, issued for

delivery, amended or renewed in this state after the effective date set out in

subsection (2) of th is section unless the policy is in compliance with the provisions

of this section and KRS 304.14-430 to 304.14-450.

(2) The commissioner shall, within one (1) year from July 15, 1988, promulgate

administrative regulations in accordance with the provisions of KRS Chapter 13A

to carry out the provisions of this section and KRS 304.14-430 to 304.14-450 and to

establish minimum standards for the readability and intelligibility of insurance

contracts. Within one (1) year of the effective date of the administrati ve regulations

all insurers licensed to transact business shall comply with the standards set out by

this section and KRS 304.14 -430 to 304.14 -450 and promulgated by the

commissioner.