HB 238 (BR 971) - J. Gray
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 238 - AMENDMENTS
HFA (1, J. Gray) - Restrict application of the new sections to individually marketed policies; require return of the unearned premium beyond the month in which the cancellation is effective.
Jan 5-introduced in House
Jan 6-to Banking and Insurance (H)
Jan 11-posted in committee
Feb 8-reported favorably, 1st reading, to Calendar
Feb 9-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 10, 2006
Feb 13-floor amendment (1) filed
Feb 14-3rd reading, passed 98-0 with floor amendment (1)
Feb 15-received in Senate
Feb 17-to Banking and Insurance (S)
Mar 17-reported favorably, 1st reading, to Consent Calendar
Mar 20-2nd reading, to Rules
Mar 22-posted for passage in the Consent Orders of the Day for Thursday, March 23, 2006
Mar 23-3rd reading, passed 37-0
Mar 24-received in House; enrolled, signed by each presiding officer; delivered to Governor
Apr 4-signed by Governor (Acts ch. 121)