KRS 304.14-440: Policies to be readable -- Factors to be considered.

(1) All insurance policies subject to the provisions of KRS 304.14 -420 to 304.14 -450

shall be written in language easily readable and understandable by a person of

average intelligence and education.

(2) In determining whether a policy or contract is readable within the meaning of this

section the commissioner shall consider, at least, the following factors:

(a) The simplicity of the sentence structure and the shortness of the sentences

used;

(b) The extent to which commonly used and understood words are employed;

(c) The extent to which legal terms are avoided;

(d) The extent to which references to other sections or provisions of the contract

are minimized;

(e) The extent to which definitional provisions are incorporated in the text of the

policy or contract; and

(f) Any additional factors relevant to the readability or understandability of an

insurance policy or contract which the commissioner may prescribe by

regulation.