{"data":{"id":"us-ky/krs-360.030","jurisdiction":"us-ky","citation":"KRS 360.030","heading":"Premiums on insurance to secure loan not considered as interest.","body":"Where an insurance company, as a condition for a secured loan, requires the borrower to\ninsure his life or the life of another, or his property, with the company, and to assign the\npolicy of insurance to the company as security for the loan and agree to pay the premiums\nthereon during the continuance of the loan, and the premiums charged do not exceed\nthose charged for similar policies to persons who do not obtain loans, the premiums in\nany such case shall not be considered as interest on the loan, and the loan shall not be\nrendered usurious by reason of any such requirement.","path":["KRS Chapter 360"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=34175","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:53Z","sha256":"7f1b4866d9e65483f14291017d485223eb7a33e42ac7f95fe522cfe4e453077c","source_id":"us-ky","stale":false,"prev":"us-ky/krs-360.027","next":"us-ky/krs-360.040"},"notice":"GroundRules: Original legal text. Not legal advice."}