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 goods or services trade practices associated with property and casualty insurance; provide that the Act applies to contracts entered on or after the effective date of the Act.