KY HB371 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 4-0)
Status: Passed on April 4 2024 - 100% progression
Action: 2024-04-04 - signed by Governor (Acts Ch.31)
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Republican 4-0)
Status: Passed on April 4 2024 - 100% progression
Action: 2024-04-04 - signed by Governor (Acts Ch.31)
Text: Latest bill text (Chaptered) [PDF]
Summary
Amends KRS 304.44-030 to increase the maximum total insured value to be reinsured by the administrator per structure from $300,000 to $500,000, to allow the administrator to establish a different maximum total insured value reinsured per structure when certain requirements are met, to allow an insurer to implement a the maximum total insured value established by the administrator any time after receiving notice, to require that the commissioner of insurance promulgate a regulation to establish a process for notice to insurers, and to increase the coverage amount for living expenses from $25,000 to $50,000; amends KRS 304.44-050 to conform; and applies to policies issued or renewed on or after January 1, 2025; EFFECTIVE January 1, 2025.
Title
AN ACT relating to mine subsidence insurance.
Sponsors
Roll Calls
2024-03-27 - House - House: Third Reading RCS# 376 (Y: 96 N: 0 NV: 0 Abs: 4) [PASS]
2024-03-21 - Senate - Senate: Third Reading W/scs1 RSN# 3022 (Y: 38 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-06 - House - House: Third Reading RCS# 81 (Y: 95 N: 0 NV: 0 Abs: 3) [PASS]
2024-03-21 - Senate - Senate: Third Reading W/scs1 RSN# 3022 (Y: 38 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-06 - House - House: Third Reading RCS# 81 (Y: 95 N: 0 NV: 0 Abs: 3) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-04 | House | signed by Governor (Acts Ch.31) |
| 2024-03-27 | House | delivered to Governor |
| 2024-03-27 | House | enrolled, signed by President of the Senate |
| 2024-03-27 | House | enrolled, signed by Speaker of the House |
| 2024-03-27 | House | passed 96-0 |
| 2024-03-27 | House | House concurred in Senate Committee Substitute (1) |
| 2024-03-25 | House | posted for passage for concurrence in Senate Committee Substitute (1) |
| 2024-03-22 | House | to Rules (H) |
| 2024-03-22 | House | received in House |
| 2024-03-21 | Senate | 3rd reading, passed 38-0 with Committee Substitute (1) |
| 2024-03-15 | Senate | passed over and retained in the Consent Orders of the Day |
| 2024-03-14 | Senate | passed over and retained in the Consent Orders of the Day |
| 2024-03-13 | Senate | passed over and retained in the Consent Orders of the Day |
| 2024-03-12 | Senate | passed over and retained in the Consent Orders of the Day |
| 2024-03-11 | Senate | passed over and retained in the Consent Orders of the Day |
| 2024-03-08 | Senate | posted for passage in the Consent Orders of the Day for Monday, March 11, 2024 |
| 2024-03-06 | Senate | 2nd reading, to Rules as a consent bill |
| 2024-03-05 | Senate | reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1) |
| 2024-02-20 | Senate | to Banking & Insurance (S) |
| 2024-02-07 | Senate | to Committee on Committees (S) |
| 2024-02-07 | Senate | received in Senate |
| 2024-02-06 | House | 3rd reading, passed 95-0 with Committee Substitute (1) |
| 2024-02-05 | House | posted for passage in the Regular Orders of the Day for Tuesday, February 06, 2024 |
| 2024-02-01 | House | 2nd reading, to Rules |
| 2024-01-31 | House | reported favorably, 1st reading, to Calendar with Committee Substitute (1) |
| 2024-01-30 | House | to Banking & Insurance (H) |
| 2024-01-24 | House | to Committee on Committees (H) |
| 2024-01-24 | House | introduced in House |
