{"data":{"id":"us-ky/krs-304.12-140","jurisdiction":"us-ky","citation":"KRS 304.12-140","heading":"Coercion in requiring insurance.","body":"(1) No person engaged in the business of financing the purchase of real or personal\nproperty or of lending money on the security of real or personal property shall\nrequire, as a condition to financing or lending, or varying the terms and conditions\nof the financing or lending, or as a condition to the renewal or extension of any loan\nor credit or to the performance of any other act in connection with financing or\nlending, that the purchaser or borrower, or his successors, shall negotiate through a\nparticular in surer, agent, or type of insurer, any policy of insurance or renewal\ninsuring the property or the life or health of the borrower.\n(2) This section shall not prevent the reasonable exercise by any vendor or lender of its\nright to approve or disapprove the i nsurer selected to underwrite the insurance, and\nto determine the adequacy of the insurance offered.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=17026","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:41Z","sha256":"192c2bfbd1ba39a48ef5e79c88c657d5f06519d06dbb1b8192bb7d5fb34d8ef6","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.12-130","next":"us-ky/krs-304.12-150"},"notice":"GroundRules: Original legal text. Not legal advice."}