04RS HB634

HB634

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HB 634 (BR 2348) - J. Higdon, R. Crimm

     AN ACT relating to insurance.
     Amend KRS 304.20-300 to include surplus lines and workers' compensation insurance in provisions relating to cancellations and declinations; create a new section of subtitle 20 of KRS Chapter 304 to prohibit cancellation of a workers' compensation policy before the end of the term or within one year of issuance or renewal, whichever occurs first, except for reasons including nonpayment of premium, failure to report payroll or permit payroll audits, and noncompliance with local, state or federal safety laws, orders, regulations, or ordinances; create a new section of subtitle 20 of KRS Chapter 304 to prohibit collection of workers' compensation premiums during audit disputes.

     Feb 27-introduced in House
     Mar 1-to Banking and Insurance (H)
     Mar 2-posted in committee


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