HB 14 (BR 49) - R. Wilkey, J. Carr
AN ACT relating to the refund of unearned insurance premiums.
Create new sections of Subtitle 17 of KRS Chapter 304, KRS 304.14-500 to 304.14-550, and KRS 304.14-600 to 304.14-625 to require an insurer to return promptly the unearned portion of any premium paid upon cancellation of an individual Medicare supplement, individual health, or individual long-term care insurance policy; provide that cancellation shall be without prejudice to any claim originating prior to the effective date of this Act.
HB 14 - AMENDMENTS
HCS - Retain original provisions but make applicable to group policies; create a new section of Subtitle 18 of KS Chapter 304 to make applicable to group and blanket health insurance policies.
(Prefiled by the sponsor(s).)
Jan 4-introduced in House
Jan 6-to Banking and Insurance (H)
Feb 3-posted in committee
Feb 16-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 17-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 18, 2005