Unit 21: Kentucky Laws an Regulations Pertaining to Property and Casualty Insurance 2024 verified to pass

Unit 21: Kentucky Laws an Regulations Pertaining to Property and Casualty Insurance Department - correct answer Department of Insurance in Kentucky Commissioner - correct answer Commissioner of the Kentucky Department of Insurance Crop Insurance - correct answer Insurance provided by the private insurance market protecting against damage to crops from unfavorable weather conditions, fire or lightning, flood, hail, insect infestation, disease, or other yield-reducing conditions or perils, or that is subsidized by the Federal Crop Insurance Corporation, including multi- peril crop insurance. Property Insurance - correct answer Real or personal property of every kind and of every interest therein against loss or damage from any and all hazard or cause and against loss consequential upon such loss or damage, other than non contractual legal liability for any such loss or damage. Property insurance does not include the TITLE Insurance. Provisions of the Kentucky Insurance Code topic that prevail over general insurance provisions: - correct answer -Fraternal Benefits Society -Nonprofit hospital, medical-surgical,dental, health corporations -Burial Associations -Assessment or Cooperative Insurers -Insurance Premium Finance Companies The Kentucky Insurance Code does not apply to: - correct answer -Federal tax exempt organizations that issue charitable gift annuities in KY -Non Profit religious Organizations -Public or Private ambulance services licensed and regulated by the Cabinet of Health and Family Services