(a) (1) Except as provided in subsection (b) of this section, in case of a total loss by fire or natural disaster of the property insured, a property insurance policy other than for flood and earthquake insurance shall be held and considered to be a liquidated demand against the company taking the risk for the […]
(a) The amount charged by a volunteer fire department for the cost of its services in responding to a fire on or an emergency call concerning the property of a nonmember within its district shall not exceed an amount equal to the fair market value of the service rendered, except that a claim for services […]
(a) (1) It is found and determined by the General Assembly that: (A) Rural fire protection districts are beneficial to all property owners in the districts; (B) Many of the districts are financed wholly or in part by dues or subscription payments made by members of the district; (C) Some owners of property in the […]
When making a rate or rule filing, an insurer shall include an impact statement concerning the filing’s effect on fire protection in the affected area unless the insurer utilizes a public protection classification system maintained by a licensed advisory organization.
(a) Except for nonpayment of premium, the insurer shall give either a written notice of nonrenewal or an offer of renewal at least thirty (30) days prior to the expiration of the policy’s existing term. (b) The insurer shall send the insured a written notice and the insurance producer written or electronic notice of the […]
(a) As used in this section: (1) “Damaged property” means a damaged dwelling, a damaged structure, damaged personal property, or any other damaged property or service, the damage to which is covered under the terms of an insurance policy; and (2) “Expense depreciation” means depreciation, including but not limited to the cost of goods, materials, […]
