806 KAR 47:010. Designation of a contact person.

 

      RELATES TO: KRS 304.47-050, 304.47-080

      STATUTORY AUTHORITY: KRS 304.2-110

      NECESSITY, FUNCTION, AND CONFORMITY: KRS 304.2-110 provides that the Executive Director of Insurance may make reasonable administrative regulations necessary for or as an aid to the effectuation of any provision of the Kentucky Insurance Code. This administrative regulation requires insurers to designate a contact person to communicate with the Insurance Fraud Unit. This administrative regulation will assist insurers with their reporting requirement of KRS 304.47-050.

 

      Section 1. Every insurer shall designate at least one (1) primary contact person but not more than four (4) primary contact persons who shall communicate with the Insurance Fraud Unit on matters relating to the reporting, investigation, and prosecution of suspected fraudulent insurance acts as defined in KRS 304.47-020.

 

      Section 2. Every insurer shall notify the Insurance Fraud Unit in writing of the names, addresses, and telephone numbers of the insurer's primary contact person or persons. (22 Ky.R. 154; eff. 9-7-95; TAm eff. 8-9-2007.)