House Bill 498

Actions
Last Action 04/09/24: signed by Governor (Acts Ch. 129)
Title AN ACT relating to insurance financial standards.
Bill Documents Acts Chapter 129
Current/Final
Introduced
Bill Request Number 1926
Sponsor M. Pollock
Summary of Enacted Version Amends KRS 304.5-140 to limit the definition of “reciprocal jurisdiction” in certain provisions and to except certain provisions to the extent that the provisions conflict with a covered agreement; amends KRS 304.6-134 to modify exemptions from KRS 304.6-143 and 304.6-151; and amends KRS 304.37-020 to allow the commissioner of insurance to establish a timeframe for insurers to report material changes or additions to registrations.
Legislative History
Summary of Original Version Amend KRS 304.6-134 to modify exemptions from KRS 304.6-143 and 304.6-151; amend KRS 304.37-020 to allow the commissioner of insurance to establish a timeframe for insurers to report material changes or additions to registrations; amend KRS 304.5-140 to limit the definition of reciprocal jurisdiction in certain provisions; except certain provisions to the extent that the provisions conflict with a covered agreement.
Index Headings of Original Version Insurance - Insurance holding company system, registration, reporting
Insurance - Reinsurance, covered agreement
Insurance - Reinsurance, reciprocal jurisdiction
Insurance - Valuation standards, exemptions
State Agencies - Department of Insurance, Commissioner, insurance holding company system, registration
State Agencies - Department of Insurance, commissioner, valuation standards, exemption
Votes Vote History

Actions

Top
02/09/24
  • introduced in House
  • to Committee on Committees (H)
02/13/24
  • to Banking & Insurance (H)
02/14/24
  • reported favorably, 1st reading, to Calendar
02/15/24
  • 2nd reading, to Rules
02/21/24
  • posted for passage in the Regular Orders of the Day for Thursday, February 22, 2024
02/22/24
  • 3rd reading, passed 91-0
02/23/24
  • received in Senate
  • to Committee on Committees (S)
03/11/24
  • to Banking & Insurance (S)
03/21/24
  • reported favorably, 1st reading, to Consent Calendar
03/22/24
  • 2nd reading, to Rules as a consent bill
03/25/24
  • posted for passage in the Consent Orders of the Day for Tuesday, March 26, 2024
03/26/24
  • passed over and retained in the Consent Orders of the Day
03/27/24
  • passed over and retained in the Consent Orders of the Day
03/28/24
  • 3rd reading, passed 38-0
  • received in House
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
04/09/24
  • signed by Governor (Acts Ch. 129)


Last updated: 9/26/2024 1:37 PM (EDT)