KY HB199 | 2011 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Engrossed on February 24 2011 - 50% progression, died in chamber
Action: 2011-03-04 - received in House
Text: Latest bill text (Draft #2) [MS Word]
Status: Engrossed on February 24 2011 - 50% progression, died in chamber
Action: 2011-03-04 - received in House
Text: Latest bill text (Draft #2) [MS Word]
Summary
Create a new section of Subtitle 20 of KRS Chapter 304 to define "commercial property and casualty," "loss run statement," and "provide"; require an insurer to provide a loss run statement within 20 days of a written request from an insured insurer; require the receiving insurer to provide the statement to the insured within five calendar days of receipt; provide that a loss run statement shall be for a five-year loss run history or a complete history of the insured if less than five years; prohibit the receiving insurance agent from divulging confidential consumer information to a third person; prohibit an insurer from charging a fee for preparing and furnishing a loss run statement; create a new section of Subtitle 99 of KRS Chapter 304 to provide that an agent who fails to provide a loss run statement as requested within the specified time frame to another insurer or an insured shall be fined not less than $100 nor more than $250 for each day the agent fails to provide the statement; create a new section of Subtitle 12 of KRS Chapter 304 to require insurers to inform claimants upon notification of a motor vehicle damage claim that the claimant has a right to choose their repair facility and provide that appraisals for motor vehicle damage claims must include a notice so stating; create a new section of Subtitle 99 of KRS Chapter 304 to provide that persons violating Section 3 of this Act shall be subject to a civil fine in an amount not less than $250 and not more than $5,000.
Title
AN ACT relating to insurance.
Sponsors
Rep. Jeff Greer [D] | Rep. Steven Riggs [D] |
History
Date | Chamber | Action |
---|---|---|
2011-03-04 | received in House | |
2011-03-03 | 3rd reading, passed 34-1with Committee Substitute | |
2011-03-03 | posted for passage in the Regular Orders of the Day for Thursday, March 3, 2011 | |
2011-03-03 | floor amendment (1) filed | |
2011-03-03 | reported favorably, to Rules with Committee Substitute | |
2011-03-01 | returned to Banking & Insurance (S) | |
2011-03-01 | 2nd reading | |
2011-03-01 | taken from Banking & Insurance (S) | |
2011-02-28 | to Banking & Insurance (S) | |
2011-02-28 | returned to Committee on Committees (S) | |
2011-02-28 | 1st reading | |
2011-02-28 | taken from Committee on Committees (S) | |
2011-02-24 | received in Senate | |
2011-02-23 | 3rd reading, passed 98-0 | |
2011-02-22 | floor amendment (1) withdrawn | |
2011-02-11 | taken from the Consent Orders of the Day, placed in the Regular Orders of the Day | |
2011-02-10 | floor amendment (1) filed | |
2011-02-10 | posted for passage in the Consent Orders of the Day for Friday, February 11, 2011 | |
2011-02-10 | 2nd reading, to Rules | |
2011-02-09 | reported favorably, 1st reading, to Consent Calendar | |
2011-02-03 | posted in committee | |
2011-01-07 | to Banking & Insurance (H) | |
2011-01-06 | introduced in House |
Kentucky State Sources
Type | Source |
---|---|
Summary | http://www.lrc.ky.gov/record/11RS/HB199.htm |
Text | http://www.lrc.ky.gov/record/11RS/HB199/bill.doc |