Section 304.45-050 - Purchasing groups - Exemptions from certain laws regarding liability insuranceA purchasing group and its insurer or insurers shall be subject to all applicable laws of this state, except that a purchasing group and its insurer or insurers shall be exempt from any law regarding liability insurance for the purchasing group that would:
(1) Prohibit the establishment of a purchasing group;(2) Make it unlawful for an insurer to provide or offer to provide to a purchasing group or its members insurance on a basis that provides advantages based on the purchasing group's loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages, or other matters;(3) Prohibit a purchasing group or its members from purchasing insurance on a group basis described in subsection (2) of this section;(4) Prohibit a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time;(5) Require that a purchasing group have a minimum number of members, common ownership or affiliation, or certain legal form;(6) Require that a certain percentage of a purchasing group obtain insurance on a group basis;(7) Otherwise discriminate against a purchasing group or any of its members; or(8) Require that any insurance policy issued to a purchasing group or any of its members be countersigned by an insurance agent or broker residing in this state.Amended by 2017 Ky. Acts ch. 16,§ 5, eff. 1/1/2018.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 166, sec. 13, effective7/15/2010. -- Amended 1990 Ky. Acts ch. 165, sec. 5, effective 7/13/1990. -- Created 1986 Ky. Acts ch. 308, sec. 5, effective 7/15/1986.