KRS 304.20-330: Reasons for cancellation.

After coverage has been in effect more than sixty (60) days or after the effective date of a

renewal policy a notice of cancellation shall not be issued unless it is based on at least one

(1) of the following reasons:

(1) Nonpayment of premium;

(2) Discovery of fraud or material misrepresentation made by or with the knowledge of

the named insured in obtaining the policy, continuing the policy, or in presenting a

claim under the policy;

(3) Discovery of willful or reckless acts or omissions on the part of th e named insured

which increase any hazard insured against;

(4) The occurrence of a change in the risk which substantially increases any hazard

insured against after insurance coverage has been issued or renewed;

(5) A violation of any local fire, health, s afety, building, or construction regulation or

ordinance with respect to any insured property or the occupancy thereof which

substantially increases any hazard insured against;

(6) The insurer is unable to reinsure the risk covered by the policy; or

(7) A determination by the commissioner that the continuation of the policy would

place the insurer in violation of the Kentucky insurance code or regulations of the

commissioner.