| Last Action | 2nd reading, to Rules |
|---|---|
| Title | AN ACT relating to insurance licensing. |
| Bill Documents |
Bill
|
| Bill Request Number | 159 |
| Sponsors | J. Greer, L. Clark |
| Summary of Original Version | Amend KRS 304.3-180 to reduce the number of consecutive years an insurer may use an accountant or firm for preparing the audited financial statement from seven (7) to (5); amend KRS 304.9-020 to define "rental vehicle agent" an "rental vehicle agent managing employee"; amend KRS 304.9-133 to remove the requirement that business entities file an annual report of all designated individuals who were not terminated on or prior to December 31; amend 304.9-150 to remove the requirement that a business entity applicant file with its application a certificate issued by the Kentucky Secretary of State demonstrating that it can do business in Kentucky and a copy of its assumed name certificate; provide that a business entity applicant or licensee shall not use a name which is the same or deceptively similar to another business entity licensee; amend KRS 304.9-230 to add rental vehicle as a limited line of authority; amend KRS 304.9-505 to conform; amend KRS 304.9-507 to conform; and, repeal KRS 304.9-485, 304.9-501. 304.9-503 and 304.9-513. |
| Index Headings of Original Version |
Insurance - Definition, rental vehicle agent Insurance - Definition, rental vehicle agent managing employee Insurance - Limited line of authority, rental vehicle Insurance - Business entity annual report of individuals not terminated, remove requirement Insurance - Certificate to do business filing, remove requirement Insurance - Delete references to the executive director, substitute commissioner |
| Proposed Amendments | Senate Committee Substitute 1 |
| Votes | Vote History |
| 11/25/08 |
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|---|---|
| 01/06/09 |
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| 01/07/09 |
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| 02/04/09 |
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| 02/05/09 |
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| 02/06/09 |
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| 02/09/09 |
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| 02/23/09 |
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| 03/09/09 |
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| 03/10/09 |
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| Amendment | Senate Committee Substitute 1 |
|---|---|
| Summary | Retain original provisions of the bill except replace "accountant" with "lead or coordinating partner" and change the effective time of this becomes 2010. |
| Index Headings |
Insurance - Definition, rental vehicle agent Insurance - Definition, rental vehicle agent managing employee Insurance - Limited line of authority, rental vehicle Insurance - Business entity annual report of individuals not terminated, remove requirement Insurance - Certificate to do business filing, remove requirement Insurance - Delete references to the executive director, substitute commissioner |
Last updated: 8/28/2019 8:17 AM (EDT)