Title 806 | Chapter 015 | Regulation 090
806 KAR 15:090.Notice of rights as an owner of a life insurance policy.
Section 1.
When required by KRS 304.15-075(3), an insurer shall provide the owner of an individual life insurance policy with a net death benefit of $100,000 or greater with either of the following:(1)
Important Information About Your Life Insurance Policy, Notice 126; or(2)
A notice developed by the insurer that:(a)
Meets the requirements of KRS 304.15-075(2); and(b)
Has been approved by the commissioner.Section 2.
Incorporation by Reference.(1)
"Important Information About Your Life Insurance Policy", Notice 126, 2/2021, is incorporated by reference.(2)
This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Kentucky Department of Insurance, The Mayo-Underwood Building, 500 Mero St., Frankfort, Kentucky 40601, Monday through Friday, 8 a.m. to 4:30 p.m. Forms may also be obtained on the department Web site at https://insurance.ky.gov/ppc/CHAPTER.aspx.HISTORY: (37 Ky.R. 881; eff. 1-3-2010; Crt eff. 2-28-2020; 46 Ky.R. 1635, 2279; eff. 5-5-2020; 47 Ky.R. 2725; 48 Ky.R. 830; eff. 11-30-2021.)
806 KAR 15:090.Notice of rights as an owner of a life insurance policy.
Section 1.
When required by KRS 304.15-075(3), an insurer shall provide the owner of an individual life insurance policy with a net death benefit of $100,000 or greater with either of the following:(1)
Important Information About Your Life Insurance Policy, Notice 126; or(2)
A notice developed by the insurer that:(a)
Meets the requirements of KRS 304.15-075(2); and(b)
Has been approved by the commissioner.Section 2.
Incorporation by Reference.(1)
"Important Information About Your Life Insurance Policy", Notice 126, 2/2021, is incorporated by reference.(2)
This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Kentucky Department of Insurance, The Mayo-Underwood Building, 500 Mero St., Frankfort, Kentucky 40601, Monday through Friday, 8 a.m. to 4:30 p.m. Forms may also be obtained on the department Web site at https://insurance.ky.gov/ppc/CHAPTER.aspx.HISTORY: (37 Ky.R. 881; eff. 1-3-2010; Crt eff. 2-28-2020; 46 Ky.R. 1635, 2279; eff. 5-5-2020; 47 Ky.R. 2725; 48 Ky.R. 830; eff. 11-30-2021.)