{"data":{"id":"us-ky/krs-304.15-280","jurisdiction":"us-ky","citation":"KRS 304.15-280","heading":"Prohibited provisions.","body":"(1) No life insurance policy, other than industrial life insurance, shall be delivered or\nissued for delivery in this state, if it contains any of the following provisions:\n(a) A provision by which the policy purports to be issued or to take effect more\nthan one (1) year before the original application for the insurance was made.\n(b) A provision for any mode of settlement at maturity of the policy of less value\nthan the amount insured under the policy, plus dividend additions, if any, less\nany indebtedness to t he insurer on or secured by the policy and less any\npremium that may by the terms of the policy be deducted.\n(c) A provision to the effect that the agent soliciting the insurance is the agent of\nthe person insured under the policy, or making the acts or re presentations of\nsuch agents binding upon the person so insured under the policy.\n(2) No industrial life insurance policy shall be delivered or issued for delivery in this\nstate if it contains any of the following provisions:\n(a) A provision by which the i nsurer may deny liability under the policy for the\nreason that the insured has previously obtained other insurance from the same\ninsurer.\n(b) A provision giving the insurer the right to declare the policy void because the\ninsured has had any disease or ail ment, whether specified or not, or because\nthe insured has received institutional, hospital, medical or surgical treatment\nor attention, except a provision which gives the insurer the right to declare the\npolicy void, either before or after claim, if befor e the date of issue of the\npolicy the insured had any one (1) or more of such serious diseases or ailments\nas is specified in such provision, or if the insured has, within two (2) years\nprior to the issuance of the policy, received institutional, hospital,  medical or\nsurgical treatment or attention and if the insured or claimant under the policy\nfails to show, by the clear preponderance of the evidence, that the specified\ndisease or ailment, or the condition occasioning such treatment or attention,\nwas not material to the risk.\n(c) A provision giving the insurer the right to declare the policy void because the\ninsured has been rejected for insurance, unless such right be conditioned upon\na showing by the insurer that knowledge of such rejection would have le d to a\nrefusal by the insurer to make such contract.\n(3) No insurer shall provide in any policy, certificate, contract or agreement of life\ninsurance for the payment of any insurance, indemnity or benefit in services, goods,\nwares or merchandise of any kind.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=17226","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:44Z","sha256":"19b341eb4229c8102d2f6652807b05083a0d7ac67e85996d2848a7e3dc9cc805","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.15-270","next":"us-ky/krs-304.15-290"},"notice":"GroundRules: Original legal text. Not legal advice."}