04RS HB578


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HB 578 (BR 2102) - S. Baugh

     AN ACT relating to insurable interests.
     Amend KRS 304.14-040 to provide that as to employer-provided pension and welfare plans, the life insurance coverage purchased to finance the plans shall only be allowed on the life of an employee or retiree who is eligible to participate in the plan; require an employer to notify eligible employees of their proposed participation in the plan and provide all employees with opportunity to refuse to participate; require the employer to obtain written consent of the employee; prohibit retaliation by an employer against an employee or retired employee for refusing to consent to be insured.

     Feb 23-introduced in House
     Feb 24-to Banking and Insurance (H)
     Mar 2-posted in committee
     Mar 10-reported favorably, 1st reading, to Calendar
     Mar 11-2nd reading, to Rules
     Mar 17-posted for passage in the Regular Orders of the Day for Thursday, March 18, 2004
     Mar 23-taken from the Regular Orders of the Day; recommitted to Appropriations and Revenue (H)

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