{"data":{"id":"us-ky/krs-304.19-212","jurisdiction":"us-ky","citation":"KRS 304.19-212","heading":"Claims to be promptly reported -- Methods of payment -- Persons","body":"authorized to settle or adjust claims -- Applicability of Subtitle 12 of KRS\nChapter 304.\n(1) (a) Any claim under a credit personal property insurance policy, certificate, pla n,\nor contract shall be promptly reported to the insurer or its designated claim\nrepresentative.\n(b) An insurer shall maintain adequate claims files for claims reported under\nparagraph (a) of this subsection.\n(2) A claim under credit personal property insu rance shall be paid by draft drawn upon\nthe insurer, by electronic funds transfer, or by check of the insurer to the order of:\n(a) Except as provided in paragraph (b) of this subsection, the claimant to whom\npayment of the claim is due pursuant to the policy provisions; or\n(b) Upon direction of the claimant, to a person other than the claimant.\n(3) (a) A firm, corporation, or other person, other than the insurer or its designated\nclaim representative, shall not be authorized to settle or adjust claims under\ncredit personal property insurance.\n(b) 1. Except as provided in subparagraph 2. of this paragraph, a creditor shall\nnot be designated as a claim representative for the insurer in adjusting\nclaims.\n2. When the amount of a claim is determined, a group policyholder may,\nby arrangement with the insurer and subject to audit and review by the\ninsurer, draw drafts or checks or make electronic transfers, in payment\nof claims due to the group policyholder.\n(4) All claims for credit personal property insurance shall be subject to Subtitle 12 of\nthis chapter to the extent applicable and not in conflict with KRS 304.19 -200 to\n304.19-215.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57200","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:50Z","sha256":"9340ec9f5b8f372e4e188a965c5c5d0e3020d5028cd82319e59460ad641a0aaf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.19-210","next":"us-ky/krs-304.19-215"},"notice":"GroundRules: Original legal text. Not legal advice."}