KRS § 360.030 Premiums on insurance to secure loan not considered as interest.
If an insurance company requires insurance and policy assignment for a secured loan, and the premiums are not higher than comparable policies for non-borrowers, those premiums are not treated as interest and the loan is not usurious.
AI-assisted research synopsis — verify against the official legal text below.
- Jurisdiction
- United States — Kentucky
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
loan conditions premium charges usury
Statute overview
About this statute
This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.
Ask AI about this statute
KRS § 360.030 Premiums on insurance to secure loan not considered as interest.
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign in