KY HB135 | 2012 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 5-0)
Status: Passed on April 11 2012 - 100% progression
Action: 2012-04-11 - signed by Governor (Acts ch. 58)
Text: Latest bill text (Draft #3) [MS Word]
Spectrum: Partisan Bill (Democrat 5-0)
Status: Passed on April 11 2012 - 100% progression
Action: 2012-04-11 - signed by Governor (Acts ch. 58)
Text: Latest bill text (Draft #3) [MS Word]
Summary
Create a new section of Subtitle 15 of KRS Chapter 304 requiring insurers to compare in-force life insurance policies against the Death Master File to determine potential matches of their insureds; require escheat of policy proceeds after the expiration of the fee statutory time period only if no claim for the policy's proceeds has been made and if good faith efforts to contact the retained asset holder and any beneficiary are unsuccessful.
Title
AN ACT relating to unclaimed life insurance benefits.
Sponsors
| Rep. Larry Clark [D] | Rep. Jesse Crenshaw [D] | Rep. Robert Damron [D] | Rep. Arnold Simpson [D] |
| Rep. Susan Westrom [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-04-11 | signed by Governor (Acts ch. 58) | |
| 2012-03-30 | delivered to Governor | |
| 2012-03-30 | enrolled, signed by President of the Senate | |
| 2012-03-29 | enrolled, signed by Speaker of the House | |
| 2012-03-29 | passed 94-0 | |
| 2012-03-29 | House concurred in Senate Committee Substitute | |
| 2012-03-29 | posted for passage for concurrence in Senate Committee Substitute | |
| 2012-03-28 | to Rules (H) | |
| 2012-03-28 | received in House | |
| 2012-03-27 | 3rd reading, passed 37-0 with Committee Substitute | |
| 2012-03-27 | posted for passage in the Consent Orders of the Day for Tuesday, March 27, 2012 | |
| 2012-02-29 | 2nd reading, to Rules | |
| 2012-02-28 | reported favorably, 1st reading, to Consent Calendar with Committee Substitute | |
| 2012-02-10 | to Banking & Insurance (S) | |
| 2012-02-08 | received in Senate | |
| 2012-02-07 | 3rd reading, passed 96-0 with Committee Substitute | |
| 2012-02-07 | taken from the Consent Orders of the Day, placed in the Regular Orders of the Day | |
| 2012-02-02 | posted for passage in the Consent Orders of the Day for Tuesday, February 7, 2012 | |
| 2012-02-02 | 2nd reading, to Rules | |
| 2012-02-01 | reported favorably, 1st reading, to Consent Calendar with Committee Substitute | |
| 2012-01-17 | posting waived | |
| 2012-01-03 | to Banking & Insurance (H) | |
| 2012-01-03 | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/12RS/HB135.htm |
| Text | http://www.lrc.ky.gov/record/12RS/HB135/bill.doc |
