KRS 304.20-300: Purpose and application of KRS 304.20-320 to 304.20-350.

(1) The purpose of KRS 304.20 -320 to 304.20 -350 is to regulate declinations,

cancellations, and refusals to renew certain policies of property or casualty

insurance as defined in KRS 304.5 -050 and 304.5 -070 which are delivered, issued

for delivery, or renewed after July 15, 1986, and to require specific reasons for such

action.

(2) KRS 304.20-320 to 304.20-350 does not apply to:

(a) Automobile liability insurance policies protected by KRS 304.20-040; or

(b) Any policy issued through a residual market mechanism.