806 KAR 5:040.
Nationwide marine defined.
RELATES TO: KRS
AND CONFORMITY: KRS 304.5-080 defines "Marine and Transportation
Insurance." The function of this administrative regulation is to
incorporate within that definition the "nationwide marine definition"
as adopted by the National Association of Insurance Commissioners.
Section 1. The
Nationwide Marine definition, as adopted by the National Association of
Insurance Commissioners, which definition has been or will from time to time be
published in handbook form by the National Association of Insurance
Commissioners Committee on Interpretation of the Nationwide Marine definition,
and is on file in the office of the Executive Director of
Insurance, is hereby adopted as the definition of Marine Insurance in and for
the Commonwealth of Kentucky, unless expressly rejected or modified by order of
the executive director. (I-5.04; 1 Ky.R. 1074;
eff. 7-2-75; TAm eff. 8-9-2007.)