Last Action | 03/25/19: signed by Governor (KY Acts ch. 070) |
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Title | AN ACT relating to the Kentucky Life and Health Insurance Guaranty Association Act. |
Bill Documents |
Acts Chapter 70
Current/Final Introduced |
Bill Request Number | 1512 |
Sponsor | J. Fischer |
Summary of Original Version | Amend KRS 304.42-030 to add coverage for health maintenance organization contracts to the Kentucky Life and Health Insurance Guaranty Association Act; add health care providers rendering services covered under a health insurance policy, contract, or certificate as a beneficiary entitled to coverage; exempt structured settlement factoring transactions and Medicaid policies or contracts from coverage under the subtitle; exempt long-term care or any other health insurance benefits from interest rate coverage exemption; establish a limitation on coverage provided for long-term care riders to a life insurance policy or annuity contract; amend KRS 304.42-050 to conform and add definition for "health benefit plan;" amend KRS 304.42-060 to add health maintenance organizations as members of the Kentucky Life and Health Guaranty Association; amend KRS 304.42-080 to conform and permit the association to reissue policies and contracts of impaired insurers; offer substitute coverage at actuarially justified rates; amend KRS 304.42-090 to conform and make revisions to the assessment requirements; amend KRS 304.42-130 to permit member insurers that are exempt from certain taxes to impose a surcharge to recoup assessments levied; amend KRS 304.42-020, 304.42-110, 304.42-120, 304.42-140, and 304.42-190 to conform. |
Index Headings of Original Version |
Insurance - Kentucky Life and Health Insurance Guaranty Association, add health maintenance organizations Insurance - Kentucky Life and Health Insurance Guaranty Association, requirements for coverage Insurance, Health - Kentucky Life and Health Insurance Guaranty Association, add health maintenance organizations Insurance, Health - Kentucky Life and Health Insurance Guaranty Association, requirements for coverage |
Votes | Vote History |
02/14/19 |
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02/15/19 |
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02/19/19 |
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02/27/19 |
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02/28/19 |
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03/01/19 |
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03/04/19 |
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03/06/19 |
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03/12/19 |
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03/13/19 |
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03/14/19 |
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03/25/19 |
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Last updated: 11/9/2023 3:07 PM (EST)