Kentucky
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House Bill 9

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Last Action recommitted to Appropriations & Revenue (H)
Title AN ACT relating to long-term care insurance rates.
Bill Documents Bill
Impact Statements Fiscal Note
Bill Request Number 476
Sponsors M. Cherry, J. Richards
Summary of Original Version Create a new section of KRS 304.14-600 to 304.14-625 to require long-term care insurers to file rates with the executive director of the Office of Insurance for all long-term care insurance policies; require the insurer to submit a copy of the filing to the Attorney General; require the insurer to submit a new filing to reflect any material change to any previously filed and approved rate filing; require the insurer to submit an amendment to a previously approved rate filing for all other changes; provide that the executive director shall approve or disapprove the filing within 60 days after filing; permit the executive director to order a retroactive reduction of rates; establish criteria to be considered when reviewing a rate filing; permit the executive director to withdraw approval after 30 days notice has been given; authorize the executive director to establish by administrative regulation additional criteria to be considered; direct the executive director to hold a hearing upon request by the Attorney General; permit a long-term care insurer to request a hearing concerning a disapproval of rates or an order of retroactive reduction in rates; amend KRS 304.14-630 to conform; Effective July 1, 2009.
Index Headings of Original Version Fiscal Note - Long-term care insurance rates, intervention, filing and approval
Attorney General - Long-term care insurance rates, intervention
Insurance - Long-term care, rates
Hospitals and Nursing Homes - Long-term care insurance rates, intervention, filing and approval
Effective Dates, Delayed - Long-term care insurance rates, intervention, filing and approval

Actions

Top
01/08/08
  • introduced in House
01/11/08
  • to Banking & Insurance (H)
02/01/08
  • posted in committee
02/13/08
  • reported favorably, 1st reading, to Calendar
02/14/08
  • 2nd reading, to Rules
02/19/08
  • recommitted to Appropriations & Revenue (H)


Last updated: 8/28/2019 8:09 AM (EDT)