04RS HB582

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HB 582 (BR 2240) - J. Gooch, J. Adams, E. Ballard, C. Belcher, J. Bruce, B. Buckingham, L. Clark, B. Crall, Ji. Lee, P. Marcotte, L. Napier, T. Pullin, T. Riner, J. Stacy, T. Thompson, J. Wayne

AN ACT relating to life insurance.
Create a new section of Subtitle 14 of KRS Chapter 304 to provide that when a life insurance policy becomes a claim by the death of the insured, the insurer shall accept as proof of death a written statement of death by a physician licensed under KRS Chapter 311 in charge of the person's care for the illness or condition which resulted in death, a county coroner, or a funeral director licensed under KRS Chapter 316; provide that if the death is from natural causes and the life insurance policy is incontestable, settlement shall be made in a timely manner upon receipt of such a written statement.

     Feb 24-introduced in House
     Feb 25-to Banking and Insurance (H)
     Mar 4-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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