| Last Action | signed by Governor (Acts, ch. 36) |
|---|---|
| Title | AN ACT authorizing associations and member underwriters authorized to transact insurance in this state to also qualify as eligible surplus lines insurers. |
| Bill Documents |
Bill
|
| Bill Request Number | 1450 |
| Sponsor | B. Damron |
| Summary of Original Version | Amend KRS 304.3-070 to authorize an association, including incorporated and individual unincorporated underwriters, to transact insurance in this state subject to minimum capital and surplus requirements, subject to a restriction on association members to solely conduct the business of underwriting, provide an exemption from the definition of a Lloyd's plan insurer and the requirements of Subtitle 28 of KRS Chapter 304 relating to Lloyd's insurers, and allow qualification as eligible surplus lines brokers; amend KRS 304.3-120 to exempt associations and underwriters authorized to transact insurance in this state pursuant to Section 1 of this Act from the requirements of this section; amend KRS 304.10-070 to authorize associations, including incorporated or individual unincorporated underwriters, authorized to transact insurance in this state to place surplus lines coverage if the syndicates within the association are listed on the quarterly list of alien insurers maintained by the National Association of Insurance Commissioners. |
| Index Headings of Original Version |
Insurance - Associations, Lloyd's insurer requirements, exempt Insurance - Associations, transaction of surplus lines insurance, authorize |
| Votes | Vote History |
| 02/11/14 |
|
|---|---|
| 02/12/14 |
|
| 02/19/14 |
|
| 02/26/14 |
|
| 02/27/14 |
|
| 03/04/14 |
|
| 03/05/14 |
|
| 03/07/14 |
|
| 03/18/14 |
|
| 03/19/14 |
|
| 03/20/14 |
|
| 03/21/14 |
|
| 03/24/14 |
|
| 03/25/14 |
|
| 03/26/14 |
|
| 04/07/14 |
|
Last updated: 8/27/2019 6:52 PM (EDT)