03RS SB153


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SB 153 (BR 1491) - L. Casebier, W. Blevins, C. Borders, D. Boswell, T. Buford, J. Denton, B. Guthrie, E. Harris, P. Herron Jr, B. Jackson, R. Jones II, D. Karem, D. Kelly, A. Kerr, R. Leeper, V. McGaha, D. Mongiardo, V. Moore, G. Neal, R. Palmer II, J. Pendleton, J. Rhoads, A. Robinson, R. Roeding, R. Sanders Jr, L. Saunders, E. Scorsone, D. Seum, T. Shaughnessy, K. Stine, R. Stivers, G. Tapp, D. Thayer, E. Tori, J. Turner, J. Westwood, D. Williams, E. Worley

     AN ACT relating to insurance.
     Amend KRS 304.14-230 and KRS 304.14-240 to allow insurance policies to be delivered by electronic transfer upon agreement of the insurer and the insured.


     HFA (1, J. Draud) - Require title insurance agents to be appointed by a title insurer and licensed as a title insurance agent.

     HFA (2, B. Crall) - Permit insurance polices to be delivered electronically rather than by electronic transfer.

     HFA (3, R. Nelson) - Maintain provisions of original; create a new section of KRS 18A.225 to 18A.229 to require each employer participating in the County Employees Retirement System to pay an adjustment fee to the retirement system beginning July 1, 2005; require the Personnel Cabinet to determine the additional actuarial cost to the state group because of unescorted retirees who enter the state group during the 2004 calendar year and each subsequent year using a separate rating of the unescorted retirees; require the Kentucky Retirement Systems to determine the administrative costs incurred and notify the Personnel Cabinet of the amount and the total estimated payroll for the County Employees Retirement System; require the retirement system and the Personnel Cabinet to share information necessary to determine the adjustment fee; require the Personnel Cabinet to notify each employer of the adjustment fee; require the Personnel Cabinet to notify the Department of Education of the adjustment fee to be paid by school districts which shall include the amount necessary to fund the adjustment fees of local school districts in the department's biennial budget request; require the Kentucky Retirement Systems to deposit the amounts paid by employers into the insurance subsidy escrow account; allow the retirement systems to remove funds each month to pay administrative costs; require, effective July 1, 2007, the health insurance premium paid for an unescorted retiree to include the adjustment fee but otherwise not differ from the premium paid by other state group members; direct the Attorney General to take necessary action to recover funds from employers who have become delinquent in their adjustment fee payments; prohibit any retired member or their beneficiary from having his or her health insurance coverage reduced or terminated because of any provision of this Act.

     HFA (4/P, B. Crall) - Attach the provisions of HB 454 and House floor amendment 1.

     Feb 11-introduced in Senate
     Feb 14-to Banking and Insurance (S)
     Feb 19-reported favorably, 1st reading, to Consent Calendar
     Feb 20-2nd reading, to Rules
     Feb 21-posted for passage in the Consent Orders of the Day for Monday, February 24, 2003
     Feb 24-3rd reading, passed 34-0; received in House
     Feb 25-to Banking and Insurance (H); posting waived; posted in committee
     Feb 26-reported favorably, 1st reading, to Calendar; floor amendment (1) filed
     Feb 27-2nd reading, to Rules; floor amendments (2) and (3) filed
     Mar 3-posted for passage in the Regular Orders of the Day for Tuesday, March 4, 2003
     Mar 5-floor amendment (4) filed
     Mar 6-floor amendment (4) withdrawn
     Mar 10-3rd reading; floor amendments (1) and (3) withdrawn ; passed 97-0 with floor amendment (2) ; received in Senate
     Mar 11-posted for passage for concurrence in House floor amendment (2) as a Consent bill; Senate concurred in House floor amendment (2) ; passed 38-0; enrolled, signed by each presiding officer; delivered to Governor
     Mar 18-signed by Governor (Acts ch. 85)

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