Kentucky Limits Cancellations

April 2, 2012

Kentucky Gov. Steve Beshear has signed an executive order prohibiting insurance companies from canceling policies or changing rates in counties hit by deadly tornadoes.

Beshear’s staffers said it was the first time such an order had been executed in Kentucky.

The second-term Democrat said the executive order also requires insurance companies to allow more time for people in storm-ravaged communities to pay their premiums for health, life and property insurance.

Under the order, cancellations and rate increases will have to wait until at least April 15.

Topics Kentucky

Was this article valuable?

Here are more articles you may enjoy.

From This Issue

Insurance Journal April 2, 2012
April 2, 2012
Insurance Journal National Magazine

50 Awesome Social Media Ideas for Agencies; Entertainment, Sports & Special Events; Directors & Officers Liability