For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

"Insurance" defined

KRS 304.1-030
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
304.1-030. "Insurance" defined "Insurance" is a contract whereby one undertakes to pay or indemnify another as to loss from certain specified contingencies or perils called "risks," or to pay or grant a specified amount or determinable benefit or annuity in connection with ascertainable risk contingencies, or to act as surety. Effective: June 18, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 1, sec. 3, effective June 18, 1970.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=16627Fetched: 10/20/2026

Starting a business in Kentucky? Kentucky LLC guide: costs and requirements