HB 142 (BR 195) - R. Meeks, P. Bather
AN ACT relating to property and casualty insurance contracts.
Amend KRS 304.20-042 to define "credit history"; prohibit an insurer from using credit history in rating property and casualty insurance; require the written notice of a renewal premium that contains a premium increase to specify the reason for the premium increase; amend KRS 304.20-040 to delete provision prohibiting use of credit history by auto insurers; clarify that auto insurance policies are subject to the provisions of KRS 304.20-042 that prohibit use of credit history.
Jan 7-introduced in House
Jan 8-to Banking and Insurance (H)
Feb 6-posted in committee