Kentucky House Bill 244 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on February 8 2012 - 50% progression, died in committee
Action: 2012-03-30 - recommitted to Banking & Insurance (S)
Pending: Senate Banking and Insurance Committee
Text: Latest bill text (Draft #2) [MS Word]

Amend KRS 304.9-020 to amend the definition of "rental vehicle agent" to substitute the term "vehicle" for the term "car"; amend KRS 304.12-100 to provide that nothing in KRS 304.12-080, 304.12-090, or 304.12.-110 prohibits the payment of any compensation, fee or other consideration to an individual not licensed to sell insurance for referral of a consumer to a licensed individual in accordance with KRS 403.9-425; amend KRS 304.13-011, 304.13-121, 304.17-030, 304.17-180, 304.17-300, and 304.30-080 to make technical corrections; amend KRS 304.17B-015 to delete the requirement that a Kentucky Access enrollee whose premium rates exceed claims for a period of three years be issued a notice of insurability, and that a notice indicate that an enrollee whose claims have not exceeded premium rates for a three-year period is eligible to obtain insurance in the regular individual market; delete reference to an individual's spouse or dependent from use of the term "eligible for"; amend KRS 304.24-320, relating to the payment of dividends to an insurer's stockholders from surplus funds, to substitute the term "retained earnings" for the term "realized net profits"; amend KRS 304.24-430 to delete the amount of the fee to be charged by the Secretary of State for filing a trustee's certificate regarding voluntary dissolution of a solvent domestic stock or mutual insurer; repeal KRS 304.14-400, 304.17-240, 304.17-290, and 304.17A-290.

AN ACT relating to insurance.

Rep. Jeff Greer [D]

Date	Chamber	Action
2012-03-30		recommitted to Banking & Insurance (S)
2012-03-29		floor amendments (1) (2) and (3) filed
2012-03-27		reported favorably, 2nd reading, to Rules with committee amendments (1) and (2) as a Consent Bill
2012-03-26		returned to Banking & Insurance (S)
2012-03-26		1st reading
2012-03-26		taken from Banking & Insurance (S)
2012-03-22		reassigned to Banking & Insurance (S)
2012-02-10		to Transportation (S)
2012-02-08		received in Senate
2012-02-07		3rd reading, passed 98-0
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
2012-01-20		posted in committee
2012-01-12		to Banking & Insurance (H)
2012-01-11		introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/12RS/HB244.htm
Text	http://www.lrc.ky.gov/record/12RS/HB244/bill.doc