KRS 304.15-030: "Ordinary" and "industrial" insurance construed.

In construing the provisions of KRS 304.15 -310 to 304.15 -360, inclusive, "ordinary

insurance" or "insurance upon the ordinary plan" shall be considered to be insurance that

may be paid for by a single premium, by annual premiums or by semiannual or quarter ly

or other installments thereon at the option of the insurer; and "industrial insurance" shall

be considered to be insurance as defined in KRS 304.15-020.