Senate Bill 29

Actions | Amendments
Last Action 02/22/24: 2nd reading, to Rules
Title AN ACT relating to property and casualty insurance and declaring an emergency.
Bill Documents Current
Introduced
Bill Request Number 1268
Sponsors B. Storm, M. Deneen, G. Elkins, R. Girdler, J. Howell, A. Mays Bledsoe, R. Mills, L. Tichenor, D. Yates
Summary of Original Version Create a new section of Subtitle 20 of KRS Chapter 304 to prohibit assignments under a property or casualty insurance policy; amend KRS 304.20-060 to insert definitions; prohibit requiring an insured's use of a particular motor vehicle glass repair shop; create a new section of KRS Chapter 367 to regulate motor vehicle glass repair shop trade practices relating to motor vehicle insurance claims; establish remedies for violation of section; authorize enforcement of section by Attorney General; amend KRS 304.14-250 to conform; provide that Act applies to insurance policies issued or renewed on or after the effective date of the Act; EMERGENCY.
Index Headings of Original Version Effective Dates, Emergency - Property and casualty insurance, trade practice regulation
Insurance - Property and casualty insurance, prohibition of assignments
Insurance, Motor Vehicle - Motor vehicle glass insurance trade practices, regulation
Motor Vehicles - Motor vehicle glass insurance trade practices, regulation
Trade Practices and Retailing - Motor vehicle glass insurance trade practices, regulation
Consumer Affairs - Motor vehicle glass insurance trade practices, regulation
Contracts - Property and casualty insurance, prohibition of assignments
Jump to Proposed Amendments Senate Committee Substitute 1
House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
01/02/24
  • introduced in Senate
  • to Committee on Committees (S)
01/03/24
  • to Banking & Insurance (S)
02/13/24
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/14/24
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Friday, February 16, 2024
02/16/24
  • 3rd reading, passed 29-0 with Committee Substitute (1)
02/20/24
  • received in House
  • to Committee on Committees (H)
  • to Banking & Insurance (H)
02/21/24
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1)
02/22/24
  • 2nd reading, to Rules

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
Summary Retain original provisions, except provide that certain assignments arising from a judgment in excess of an insured's liability insurance coverage shall not be prohibited; modify definitions of "advanced driver assistance system," "motor vehicle glass," and "repair or replacement of damaged motor vehicle glass"; modify the coverage required for repair or replacement of damaged motor vehicle glass; modify requirements for motor vehicle glass repair shops contracting with an insured; amend KRS 304.39-320 to modify the credit that an underinsured motorist insurer is entitled to when providing underinsured motorist coverage.
Index Headings Insurance - Property and casualty insurance, prohibition of assignments
Insurance, Motor Vehicle - Motor vehicle glass insurance trade practices, regulation
Insurance, Motor Vehicle - Underinsured motorist coverage, underinsured motorist insurer credit
Motor Vehicles - Motor vehicle glass insurance trade practices, regulation
Trade Practices and Retailing - Motor vehicle glass insurance trade practices, regulation
Consumer Affairs - Motor vehicle glass insurance trade practices, regulation
Consumer Affairs - Underinsured motorist coverage, underinsured motorist insurer credit
Contracts - Property and casualty insurance, prohibition of assignments

Amendment House Committee Substitute 1
Summary Retain original provisions, except modify provision allowing for the assignment of certain rights; provide that underinsured motorist insurer credit is against total damages caused by or as a result of a motor vehicle accident; provide that underinsured motorist insurer credit provision shall not prohibit other credits or offsets in certain circumstances.
Index Headings Insurance - Property and casualty insurance, prohibition of assignments
Insurance, Motor Vehicle - Underinsured motorist coverage, underinsured motorist insurer credit
Consumer Affairs - Underinsured motorist coverage, underinsured motorist insurer credit
Contracts - Property and casualty insurance, prohibition of assignments

Last updated: 2/29/2024 5:57 PM (EST)