Ky. Rev. Stat. § 304.20-380

Current through 2024 Ky. Acts ch. 225
Section 304.20-380 - Premium credit or discount provision for buildings equipped with an automatic sprinkler system

Every property insurer, as defined in this chapter, authorized to do business in this state shall include a premium credit or discount provision in its rates filed with the commissioner for buildings equipped with an automatic sprinkler system. The amount of the discount shall reflect the cost savings the insurer expects to realize in insuring property equipped with automatic sprinkler systems.

KRS 304.20-380

Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1315, effective7/15/2010. -- Created 2001, Ky. Acts ch. 29, sec. 1, effective 6/21/2001.