02RS HB149

HB149

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HB 149/FN (BR 1081) - S. Baugh

     AN ACT relating to health insurance.
     Create a new section of Subtitle 17 of KRS Chapter 304 relating to individual health insurance to require the insurer to return the unearned premium upon cancellation of an individual health insurance policy issued, delivered, or renewed on or after the effective date of this Act.

HB 149 - AMENDMENTS


     HFA (1, S. Baugh) - Retain original provisions of the bill; create a new section of KRS 304.14-500 to 304.14-550 relating to Medicare supplement policies, to require prompt return of any unearned premium upon cancellation; and create a new section of KRS 304.14-600 to 304.14-625, relating to long-term care insurance policies, to require prompt return of any unearned premium upon cancellation.

     SCS/FN - Maintain original provisions; create a new section of KRS Chapter 304.14-510 to 304.14-550 to require the commissioner of the Department of Insurance to biennially compile a consumer's guide to Medicare supplement insurance in Kentucky; authorize the commissioner to promulgate administrative regulations setting forth information to be provided to the department for use in the guide; require the commissioner to assess insurers writing Medicare supplement insurance on an equitable basis the cost of compiling, printing, and distributing the guide; state that the assessment shall not exceed $950 per year.

     (Prefiled by the sponsor(s))

     Jan 8-introduced in House; to Banking and Insurance (H)
     Jan 10-posted in committee
     Jan 30-reported favorably, 1st reading, to Calendar
     Jan 31-2nd reading, to Rules
     Feb 5-posted for passage in the Regular Orders of the Day for Wednesday, February 6, 2002; floor amendment (1) filed
     Feb 6-3rd reading, passed 97-0 with floor amendment (1)
     Feb 7-received in Senate
     Feb 11-to Banking and Insurance (S)
     Feb 14-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Feb 15-2nd reading, to Rules
     Feb 21-moved from Consent; posted for passage in the Regular Orders of the Day for Tuesday, February 26, 2002
     Feb 22-recommitted to Appropriations and Revenue (S)
     Mar 21-taken from committee; to Rules (S)


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