| Last Action | to Banking & Insurance (S) |
|---|---|
| Title | AN ACT relating to group life insurance. |
| Bill Documents |
Bill
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| Bill Request Number | 1092 |
| Sponsor | M. Denham |
| Summary of Original Version | Amend KRS 304.16-030 to allow payments for group life insurance to be paid entirely from funds contributed by insured employees; create a new section of Subtitle 16 of KRS Chapter 304 to establish new definitions for group coverage and discretionary groups; allow the commissioner to disapprove a proposed group if the group is not in the best interests of the public, would not result in economies of acquisition or administration, or the benefits of the policy are not reasonable in relation to the premiums charged; amend KRS 304.16-085 to define dependent to include children age 18 to 25 who meet certain requirements and an insured's mentally or physically handicapped child regardless of age; amend KRS 304.16-090 regarding credit union groups to clarify that payments for group life insurance may be paid either wholly from the credit union's funds or partly from the credit union's funds and partly from funds contributed by the insured members. |
| Index Headings of Original Version |
Banks and Financial Institutions - Group life insurance, contributions and coverage Personnel and Employment - Group life insurance, contributions and coverage Children and Minors - Group life insurance, definition of dependent Disabilities and the Disabled - Group life insurance, mentally or physically handicapped dependents Insurance - Group life, contributions and coverage Mental Disability - Group life insurance, coverage of handicapped dependents |
| Votes | Vote History |
| 01/13/10 |
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| 01/19/10 |
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| 02/01/10 |
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| 02/03/10 |
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| 02/04/10 |
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| 02/24/10 |
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| 02/25/10 |
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| 03/01/10 |
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Last updated: 8/28/2019 7:34 AM (EDT)