KRS 304.19-210: Refund or credit of unearned premiums upon cancellation --

Calculation of unearned premiums. (Effective July 15, 2026)

(1) Upon cancellation of credit personal property insurance for any reason prior to the

scheduled maturity date of the inde btedness, the insurer shall promptly refund or

credit the debtor any unearned premium in accordance with subsection (2) of this

section, except an insurer shall not be required to refund or credit an amount of less

than five dollars ($5).

(2) (a) Except as provided in paragraph (b) of this subsection, the method of

calculating unearned premium due under subsection (1) of this section shall

be the method in the credit personal property insurance policy, certificate,

plan, or contract as filed with the commissioner before or after July 15, 2026.

(b) If a method for calculating unearned premium due under subsection (1) of this

section is not set forth in the credit personal property insurance policy,

certificate, plan, or contract, the method shall be the metho d set forth in the

underlying credit transaction for the refund of finance charges.