| Last Action | 03/15/25: signed by Governor (Acts Ch. 15) |
|---|---|
| Title | AN ACT relating to the prevention of harmful practices associated with property and casualty insurance. |
| Bill Documents |
Acts Chapter 15
Current/Final Introduced |
| Bill Request Number | 1448 |
| Sponsors | W. Williams, D. Grossberg, S. McPherson |
| Summary of Enacted Version | Amends KRS 367.620 to define terms; amends KRS 367.622 to establish the right to cancel a real estate goods or services contract within five business days after an insurer's notice of noncoverage; amends KRS 367.624 to establish notice requirements for real estate goods or services contracts; amends KRS 367.626 to establish cancellation and other requirements for real estate goods or services contracts; amends KRS 367.627 and 367.628 to establish penalties and requirements relating to real estate goods or services trade practices associated with property and casualty insurance; creates a new section of KRS 367.620 to 367.628 to provide a construction clause; amends KRS 371.160 and 371.425 to conform; and provides that the Act applies to contracts entered on or after the effective date of the Act. |
| Summary of Original Version | Amend KRS 367.620 to define terms; amend KRS 367.622 to establish right to cancel a real estate goods or services contract within five business days after an insurer's notice of noncoverage; amend KRS 367.624 to establish notice requirements for real estate goods or services contracts; amend KRS 367.626 to establish cancellation and other requirements for real estate goods or services contracts; amend KRS 367.627 and 367.628 to establish penalties and requirements relating to real estate goods or services trade practices associated with property and casualty insurance; provide that the Act applies to contracts entered on or after the effective date of the Act. |
| Index Headings of Original Version |
Insurance - Property and casualty, real estate goods or services claims, trade practice requirements Liens - Mechanics' lien, real estate goods or services, insurance claims, requirements Real Estate - Goods or services, insurance claims, requirements Trade Practices and Retailing - Contractors, real estate goods or services, insurance claims, requirements Attorney General - Real estate goods or services, trade practices, enforcement Consumer Affairs - Real estate goods or services, insurance claims, requirements Contracts - Real estate goods or services, insurance claims, requirements |
| Jump to Proposed Amendments | House Committee Substitute 1 |
| Votes | Vote History |
| 02/04/25 |
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| 02/06/25 |
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| 02/12/25 |
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| 02/13/25 |
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| 02/14/25 |
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| 02/18/25 |
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| 02/19/25 |
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| 02/21/25 |
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| 03/04/25 |
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| 03/05/25 |
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| 03/07/25 |
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| 03/11/25 |
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| 03/15/25 |
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| Amendment | House Committee Substitute 1 |
|---|---|
| Summary | Retain original provisions; create a new section of KRS 367.620 to 367.628 to provide a construction clause; amend KRS 371.160 and KRS 371.425 to conform. |
| Index Headings |
Insurance - Property and casualty, real estate goods or services claims, trade practice requirements Liens - Mechanics' lien, real estate goods or services, insurance claims, requirements Real Estate - Goods or services, insurance claims, requirements Trade Practices and Retailing - Contractors, real estate goods or services, insurance claims, requirements Attorney General - Real estate goods or services, trade practices, enforcement Consumer Affairs - Real estate goods or services, insurance claims, requirements Contracts - Real estate goods or services, insurance claims, requirements |
Last updated: 7/24/2025 3:26 PM (EDT)