KY | The Kentucky Department of Insurance has issued Advisory Opinion 2022-0002.
The purpose of this Advisory Opinion is to clarify the manner in which the Department of Insurance (“Department”) interprets the requirements of KRS 304.39-060. The Department recently discovered that some insurers may be interpreting the language of KRS 304.39-060(6) differently, as it relates to the frequency with which an insurer must inform the insured in writing of their right to reject the limitations on their tort rights.