00RS HB50


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HB 50 (BR 342) - S. Riggs

     AN ACT relating to commercial insurance.
     Amend KRS 304.13-051 to exempt from rate-filing requirements policies issued to exempt commercial policyholders; define exempt commercial policyholder; amend KRS 304.14-120 to exempt from form-filing requirements policies issued to exempt commercial policyholders.


     HCS - Retain original provisions but provide that the following are exempt commercial policyholders without meeting the four criteria listed: the Commonwealth, a city, county, or urban-county with a population of at least 50,000 persons, and a not-for-profit organization or public entity with an annual budget of at least $25,000,000 or assets of at least $25,000,000; amend KRS 304.11-050 pertaining to premium taxes, and KRS 304.3-230 pertaining to service of process, to conform.

     (Prefiled by the sponsor(s))

     Jan 4-introduced in House; to Banking and Insurance (H)
     Jan 10-posted in committee
     Jan 27-reported favorably, 1st reading, to Calendar with Committee Substitute
     Jan 28-2nd reading, to Rules
     Feb 2-posted for passage in the Regular Orders of the Day for Thursday, February 3, 2000
     Feb 4-3rd reading; returned to the Orders of the Day; passed 92-1 with Committee Substitute
     Feb 7-received in Senate
     Feb 9-to Banking and Insurance (S)
     Mar 7-reported favorably, 1st reading, to Consent Calendar
     Mar 8-2nd reading, to Rules
     Mar 13-posted for passage in the Consent Orders of the Day for Wednesday, March 15, 2000
     Mar 15-3rd reading, passed 38-0
     Mar 16-received in House; enrolled, signed by each presiding officer, delivered to Governor
     Mar 23-signed by Governor (Acts ch. 145)

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