AN ACT relating to the prevention of harmful practices associated with property and casualty insurance.

Amend KRS 367.620 to define terms; amend KRS 367.622 to establish right to cancel a real estate goods or services contract within five business days after an insurer's notice of noncoverage; amend KRS 367.624 to establish notice requirements for real estate goods or services contracts; amend KRS 367.626 to establish cancellation and other requirements for real estate goods or services contracts; amend KRS 367.627 and 367.628 to establish penalties and requirements relating to real estate…

Insurance Liens Real Estate Trade Practices and Retailing Attorney General Consumer Affairs Contracts

Introduced: February 4, 2025

Last action: March 15, 2025

(Acts Ch. 15)

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This law adds new consumer protections around contracts for real estate goods or services that are tied to property and casualty insurance claims. It gives Kentuckians the right to cancel such a contract within five business days if their insurer notifies them the work will not be covered, and it sets clear notice and cancellation requirements that contractors must follow. Penalties apply to businesses that violate these rules. Who it may affect: homeowners and property owners who hire contractors after filing a property or casualty insurance claim, and the contractors or companies offering those services.

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