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Senate Bill 29

Actions | Amendments

Legislative History
Last Action	04/02/24: signed by Governor (Acts Ch.27)
Title	AN ACT relating to property and casualty insurance and declaring an emergency.
Bill Documents	Acts Chapter 27 Current/Final Introduced
Bill Request Number	1268
Sponsors	B. Storm, M. Deneen, D. Douglas, G. Elkins, R. Girdler, J. Howell, A. Mays Bledsoe, R. Mills, L. Tichenor, D. Yates
Summary of Enacted Version	Creates a new section of Subtitle 20 of KRS Chapter 304 to prohibit assignments under a property or casualty insurance policy; amends KRS 304.14-250 to conform; amends KRS 304.20-060 to insert definitions, to modify coverage required for the repair or replacement of damaged motor vehicle glass, and to prohibit requiring an insured’s use of a particular motor vehicle glass repair shop; amends KRS 304.39-320 to modify the credit that an underinsured motorist insurer is entitled to when providing underinsured motorist coverage; creates a new section of KRS Chapter 367 to regulate motor vehicle glass repair shop trade practices relating to motor vehicle insurance claims, to establish remedies for violation of the section, and to authorize enforcement of the section by the Attorney General; and provides that this Act applies to insurance policies issued or renewed on or after the effective date of the Act; EMERGENCY.
Summary of Original Version	Create a new section of Subtitle 20 of KRS Chapter 304 to prohibit assignments under a property or casualty insurance policy; amend KRS 304.20-060 to insert definitions; prohibit requiring an insured's use of a particular motor vehicle glass repair shop; create a new section of KRS Chapter 367 to regulate motor vehicle glass repair shop trade practices relating to motor vehicle insurance claims; establish remedies for violation of section; authorize enforcement of section by Attorney General; amend KRS 304.14-250 to conform; provide that Act applies to insurance policies issued or renewed on or after the effective date of the Act; EMERGENCY.
Index Headings of Original Version	Effective Dates, Emergency - Property and casualty insurance, trade practice regulation Insurance - Property and casualty insurance, prohibition of assignments Insurance, Motor Vehicle - Motor vehicle glass insurance trade practices, regulation Motor Vehicles - Motor vehicle glass insurance trade practices, regulation Trade Practices and Retailing - Motor vehicle glass insurance trade practices, regulation Consumer Affairs - Motor vehicle glass insurance trade practices, regulation Contracts - Property and casualty insurance, prohibition of assignments
Jump to Proposed Amendments	Senate Committee Substitute 1 House Committee Substitute 1
Votes	Vote History

Actions

Top | Amendments

01/02/24	introduced in Senate to Committee on Committees (S)
01/03/24	to Banking & Insurance (S)
02/13/24	reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/14/24	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Friday, February 16, 2024
02/16/24	3rd reading, passed 29-0 with Committee Substitute (1)
02/20/24	received in House to Committee on Committees (H) to Banking & Insurance (H)
02/21/24	reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/22/24	2nd reading, to Rules
03/21/24	posted for passage in the Regular Orders of the Day for Friday, March 22, 2024
03/22/24	3rd reading, passed 87-1 with Committee Substitute (1)
03/25/24	received in Senate to Rules (S)
03/26/24	posted for passage for concurrence in House Committee Substitute (1)
03/27/24	Senate concurred in House Committee Substitute (1) passed 37-0 with Committee Substitute (1) enrolled, signed by President of the Senate enrolled, signed by Speaker of the House delivered to Governor
04/02/24	signed by Governor (Acts Ch.27)

Proposed Amendments

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Amendment	Senate Committee Substitute 1
Summary	Retain original provisions, except provide that certain assignments arising from a judgment in excess of an insured's liability insurance coverage shall not be prohibited; modify definitions of "advanced driver assistance system," "motor vehicle glass," and "repair or replacement of damaged motor vehicle glass"; modify the coverage required for repair or replacement of damaged motor vehicle glass; modify requirements for motor vehicle glass repair shops contracting with an insured; amend KRS 304.39-320 to modify the credit that an underinsured motorist insurer is entitled to when providing underinsured motorist coverage.
Index Headings	Insurance - Property and casualty insurance, prohibition of assignments Insurance, Motor Vehicle - Motor vehicle glass insurance trade practices, regulation Insurance, Motor Vehicle - Underinsured motorist coverage, underinsured motorist insurer credit Motor Vehicles - Motor vehicle glass insurance trade practices, regulation Trade Practices and Retailing - Motor vehicle glass insurance trade practices, regulation Consumer Affairs - Motor vehicle glass insurance trade practices, regulation Consumer Affairs - Underinsured motorist coverage, underinsured motorist insurer credit Contracts - Property and casualty insurance, prohibition of assignments

Amendment	House Committee Substitute 1
Summary	Retain original provisions, except modify provision allowing for the assignment of certain rights; provide that underinsured motorist insurer credit is against total damages caused by or as a result of a motor vehicle accident; provide that underinsured motorist insurer credit provision shall not prohibit other credits or offsets in certain circumstances.
Index Headings	Insurance - Property and casualty insurance, prohibition of assignments Insurance, Motor Vehicle - Underinsured motorist coverage, underinsured motorist insurer credit Consumer Affairs - Underinsured motorist coverage, underinsured motorist insurer credit Contracts - Property and casualty insurance, prohibition of assignments

Last updated: 9/26/2024 1:37 PM (EDT)