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House Bill 431

Actions | Amendments

Last Action	2nd reading, to Rules
Title	AN ACT relating credit health insurance.
Bill Documents	Bill
Bill Request Number	1674
Sponsors	L. Combs, H. Collins
Summary of Original Version	Amend KRS 304.19-010 to extend the duration for credit health insurance from five years to no more than ten years; and amend KRS 304.19-080 to conform and to expand the premium chart establishing the premium amount for the additional 61 to 120 monthly installments.
Index Headings of Original Version	Banks and Financial Institutions - Credit health insurance, extend duration Insurance - Credit health insurance, extend duration Insurance, Health - Credit health insurance, extend duration
Proposed Amendments	House Floor Amendment 1 House Floor Amendment 2
Votes	Vote History

Actions

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01/31/08	introduced in House
02/01/08	to Banking & Insurance (H)
02/14/08	posted in committee
02/20/08	reported favorably, 1st reading, to Calendar
02/21/08	2nd reading, to Rules floor amendment (1) filed posted for passage in the Regular Orders of the Day for Monday, February 25, 2008
02/25/08	floor amendment (2) filed
02/27/08	3rd reading, passed 92-2
02/28/08	received in Senate
03/03/08	to Banking & Insurance (S)
03/13/08	reported favorably, 1st reading, to Calendar
03/14/08	2nd reading, to Rules

Proposed Amendments

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Amendment	House Floor Amendment 1
Sponsor	J. Gooch Jr.
Summary	Require health insurance in connection with loans or other credit transactions that are of more than 5 years but less than 10 years duration to be medically underwritten before issuance of the policy.
Index Headings	Banks and Financial Institutions - Credit health insurance, extend duration Insurance - Credit health insurance, extend duration Insurance, Health - Credit health insurance, extend duration

Amendment	House Floor Amendment 2
Sponsor	J. Higdon
Summary	Require the executive director of the Office of Insurance to submit annually to the Interim Joint Committee on Banking and Insurance a report that specifies for each credit, life and health insurance company the type of creditor, the gross premiums received, the total claims paid, the total claims count, the number of claims paid or settled, the number of claims denied, and the commissions, compensation, or other remuneration paid for the preceding year.
Index Headings	Banks and Financial Institutions - Credit health insurance, extend duration Insurance - Credit health insurance, extend duration Insurance, Health - Credit health insurance, extend duration

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