Kentucky
General Assembly

12/15/09	Prefiled by the sponsor(s).
01/05/10	introduced in House to Banking & Insurance (H)
02/01/10	posted in committee
02/09/10	reported favorably, 1st reading, to Consent Calendar with Committee Substitute
02/10/10	2nd reading, to Rules posted for passage in the Consent Orders of the Day for Wednesday, February 17, 2010
02/17/10	3rd reading, passed 98-0 with Committee Substitute
02/18/10	received in Senate
02/22/10	to Banking & Insurance (S)
03/09/10	reported favorably, 1st reading, to Consent Calendar
03/10/10	2nd reading, to Rules posted for passage in the Consent Orders of the Day for Monday, March 15, 2010
03/15/10	passed over and retained in the Consent Orders of the Day floor amendments (1) and (2-title) filed
03/16/10	taken from the Consent Orders of the Day, placed in the Regular Orders of the Day 3rd reading, passed 36-0 with floor amendments (1) and (2-title)
03/17/10	received in House to Rules (H)
03/22/10	posted for passage for concurrence in Senate floor amendments (1) and (2-title) for Tuesday, March 23, 2010
03/23/10	House concurred in Senate floor amendments (1) and (2-title) passed 97-2
03/24/10	enrolled, signed by each presiding officer delivered to Governor
03/25/10	signed by Governor (Acts ch. 25)

Amendment	House Committee Substitute 1
Summary	Retain original provisions except delete references to the National Association of Insurance Commissioners and substitute the appropriate financial examination statutory references in lieu thereof; provide that the same lead or coordinating partner, rather than the same accountant or partner, of an accounting firm shall not be responsible for preparing the audited financial statement for more than 5 consecutive years; add "gross negligence" to the acts of misconduct which would subject an appointed actuary to liability for damages; delete the provision that confidential and privileged information in the control of the Office of Insurance shall not be subject to public inspection, subpoena, discovery, or admissible as evidence in a private civil action, and insert in lieu thereof a provision that the confidentiality and privilege protections shall not extend to any nonregulatory person or entity holding the information.
Index Headings	Insurance - Domestic insurers, examination cycle Insurance - Control of insurer, require insurer to pay for hearing notice Insurance - Actuarial opinion, file summary with opinion Insurance - Property and casualty insurer, examination cycle

Amendment	Senate Floor Amendment 1
Sponsor	E. Worley
Summary	Create a new section of Subtitle 15 of KRS Chapter 304 to require the executive director of the Office of Insurance to promulgate regulations to develop a notice for use by life insurers for delivery to owners of a life insurance policy under specified conditions; require that the notice inform the owner of the available alternatives to lapse or surrender of a policy, including life settlements, and limit the required notice to only those policies with a net death benefit of $100,000 or greater.
Index Headings	Insurance - Domestic insurers, examination cycle Insurance - Control of insurer, require insurer to pay for hearing notice Insurance - Actuarial opinion, file summary with opinion Insurance - Property and casualty insurer, examination cycle

Amendment	Senate Floor Amendment 2
Sponsor	E. Worley
Summary	Make title amendment.
Index Headings	Insurance - Domestic insurers, examination cycle Insurance - Control of insurer, require insurer to pay for hearing notice Insurance - Actuarial opinion, file summary with opinion Insurance - Property and casualty insurer, examination cycle