Kentucky
General Assembly

01/27/10	introduced in House
01/28/10	to Banking & Insurance (H)
02/08/10	posted in committee
02/10/10	reported favorably, 1st reading, to Consent Calendar
02/11/10	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
02/18/10	received in Senate
02/22/10	to Banking & Insurance (S)
03/09/10	reported favorably, 1st reading, to Consent Calendar with Committee Substitute
03/10/10	2nd reading, to Rules posted for passage in the Consent Orders of the Day for Thursday, March 11, 2010
03/11/10	3rd reading, passed 36-0 with Committee Substitute received in House to Rules (H)
03/17/10	posted for passage for concurrence in Senate Committee Substitute for Thursday, March 18, 2010
03/29/10	House refused to concur in Senate Committee Substitute received in Senate posted for passage for receding from Senate Committee Substitute Senate refused to recede from Committee Substitute Conference Committee appointed in Senate
04/01/10	Conference Committee appointed in House Conference Committee report filed in House and Senate Conference Committee report adopted in House and Senate Free Conference Committee appointed in House and Senate Free Conference Committee report filed in House and Senate
04/14/10	Free Conference Committee report adopted in Senate Bill passed 36-1
04/15/10	received in House Free Conference Committee report adopted in House Bill passed 95-0 enrolled, signed by Speaker of the House

Amendment	Senate Committee Substitute 1
Summary	Retain original provisions, except define "provide" as it relates to loss run statements; increase the time for providing a loss run statement from 10 days to 14 days; clarify that a person who fails to timely provide a loss run statement shall be subject to the specified fines.
Index Headings	Insurance - Loss run statement, written request by insurer required Insurance - Loss run statement, covering five-year history required Insurance - Insurer, protection of consumer financial information required Insurance - Penalty, daily fine for failure to timely submit loss run statement imposed

Amendment	Conference Committee Report 1
Summary	Cannot agree.
Index Headings	Insurance - Loss run statement, written request by insurer required Insurance - Loss run statement, covering five-year history required Insurance - Insurer, protection of consumer financial information required Insurance - Penalty, daily fine for failure to timely submit loss run statement imposed

Amendment	Free Conference Committee Report 1
Summary	Create a new section of Subtitle 20 of KRS Chapter 304 to define "commercial property and casualty," "loss run statement," and "provide"; require an insurer to provide a loss run statement within 14 days of a written request from another insurer; require the receiving insurer to provide the statement to the insured within five calendar days of receipt; provide that a loss run statement shall be for a five-year loss run history or a complete history of the insured if less than five years; prohibit the receiving insurance agent from divulging confidential consumer information to a third person; prohibit an insurer from charging a fee for preparing and furnishing a loss run statement; create a new section of Subtitle 99 of KRS Chapter 304 to provide that an agent who fails to provide a loss run statement as requested within the specified time frame to another insurer or an insured shall be fined not less than $100 nor more than $250 for each day the agent fails to provide the statement; create a new section of Subtitle 12 of KRS Chapter 304 to require insurers to inform claimants upon notification of a motor vehicle damage claim that the claimant has a right to choose their repair facility and provide that appraisals for motor vehicle damage claims must include a notice regarding claimants rights under this Act; create a new section of Subtitle 99 of KRS Chapter 304 to provide that persons violating this Act shall be subject to civil fines in an amount not less than $250 and not more than $5,000.
Index Headings	Insurance - Loss run statement, written request by insurer required Insurance - Loss run statement, covering five-year history required Insurance - Insurer, protection of consumer financial information required Insurance - Penalty, daily fine for failure to timely submit loss run statement imposed