Bill > HB233

This bill modifies Kentucky state law to establish comprehensive regulations for real estate goods and services contracts related to property and casualty insurance. The legislation expands definitions to include a broader range of real estate contexts (both residential and commercial), and creates new consumer protections for people seeking repairs or services after insurance claims. Key provisions include giving consumers the right to cancel a contract within five business days after receiving notice from an insurer that a claim is not covered, requiring contractors to provide clear cancellation notices and contact information, and prohibiting contractors from engaging in predatory practices such as causing intentional damage to increase repair scope, offering to pay insurance deductibles, or providing excessive compensation to induce contracts. The bill also establishes significant penalties for violations, including the ability for individuals to sue for injunctive relief and potentially recover double damages, and grants the Attorney General power to levy civil penalties of $5,000 per violation. Additionally, the law creates a conflict resolution clause stating that these new provisions will supersede any contradictory existing laws, thereby ensuring the primacy of these consumer protection measures in real estate and insurance service contracts.

Business and Industry

https://apps.legislature.ky.gov/record/25RS/hb233.html