Last Action | signed by Governor (Acts Ch. 152) |
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Title | AN ACT relating to insurance examinations. |
Bill Documents |
Bill
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Bill Request Number | 530 |
Sponsor | B. Damron |
Summary of Original Version | Amend KRS 304.2-210 pertaining to examination of insurance companies to define "examination workpaper;" establish criteria to be considered by the executive director of the Office of Insurance in scheduling and determining the nature, scope, and frequency of examinations; permit the executive director to examine or investigate to the extent the executive director deems necessary or material; specify when a report of the most recently completed examination of a foreign, or alien, insurer can be accepted in lieu of the executive director making his or her own examination; amend KRS 304.2-230 to require the observance of guidelines in the Examiners' Handbook adopted by the National Association of Insurance Commissioner; establish criteria of who may be appointed as examiner; provide immunity for examiners; authorize the examiner to issue subpoenas; permit the executive director to terminate or suspend an examination in order to pursue other legal or regulatory action; amend KRS 304.2-250 to deem examination documents as confidential; amend KRS 304.2-260 to deem examination workpapers confidential and not available for public inspection and create exceptions; amend KRS 304.2-270 to conform. |
Index Headings of Original Version | Insurance - Examination of insurance companies, standards for |
Proposed Amendments |
House Committee Substitute 1 Senate Committee Substitute 1 Senate Committee Amendment 1 |
Votes | Vote History |
02/20/08 |
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02/25/08 |
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02/27/08 |
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03/05/08 |
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03/06/08 |
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03/10/08 |
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03/11/08 |
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03/12/08 |
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03/14/08 |
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03/25/08 |
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03/26/08 |
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04/02/08 |
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04/14/08 |
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04/15/08 |
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04/24/08 |
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Amendment | House Committee Substitute 1 |
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Summary | Retain original provisions; change Section 1(4) to permit the executive director to examine or investigate any person if the executive director deems it necessary and material, rather than necessary or material, to the examination of the insurer; add a provision in Section 2(9) to provide that nothing in this subsection is binding upon the court in making determinations about relevancy and admissibility in any civil action pertaining to any such documents. |
Index Headings | Insurance - Examination of insurance companies, standards for |
Amendment | Senate Committee Substitute 1 |
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Summary | Retain original provisions; create a new section of Subtitle 12 of KRS Chapter 304 to define "free insurance" and to prohibit the provision of free insurance for damage, loss or theft as an inducement to the purchase, sale or rental of consumer goods or services connected with consumer goods. |
Index Headings | Insurance - Examination of insurance companies, standards for |
Amendment | Senate Committee Amendment 1 |
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Sponsor | G. Neal |
Summary | Make title amendment. |
Index Headings | Insurance - Examination of insurance companies, standards for |
Last updated: 8/28/2019 8:09 AM (EDT)