{"data":{"id":"us-ky/krs-304.12-150","jurisdiction":"us-ky","citation":"KRS 304.12-150","heading":"Notice of free choice of agent or insurer.","body":"Every debtor, borrower, or purchaser of property with respect to which insurance of any\nkind is required in connection with a debt or loan on the property shall be informed by the\ncreditor or lender of his or her right of free choice in the selection of the agent and insurer\nthrough or by which such insurance is to be placed. There shall be no interference either\ndirectly or indirectly with the borrower's, debtor's, or purchaser's free choice of an agent\nand of an insurer, the creditor or lender shall not collect a separate charge for the handling\nof insurance required in connection with a loan or extension of credit based on the\nconsumer's choice of agent or insurer, and the creditor or lender shall not refuse an\nadequate policy so tendered by the borrower,  debtor, or purchaser. Upon notice of any\nrefusal of an adequate policy, the commissioner shall order the creditor or lender to\naccept the tendered policy, if he or she determines that such refusal is not in accordance\nwith the requirements set out in subs ection (2) of KRS 304.12 -140. Failure to comply\nwith the order of the commissioner shall be deemed a violation of this section.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=17027","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:41Z","sha256":"1e70a8c726250ff31b69c9baf96b3bfda9533b9904b0a5ea573a2172de5143eb","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.12-140","next":"us-ky/krs-304.12-160"},"notice":"GroundRules: Original legal text. Not legal advice."}