HB 579 (BR 2143) - J. Gooch Jr, R. Nelson, M. Weaver
AN ACT relating to life insurance.
Create a new section of Subtitle 14 of KRS Chapter 304 to provide that when a life insurance policy becomes a claim by the death of the insured, the insurer must accept as proof of death a written statement by a licensed physician in charge of the person's care for the illness or condition which resulted in death, or a county coroner, or a licensed funeral director; require settlement to be made in a timely manner upon receipt of such written statement if death is from natural causes and the life insurance policy is incontestable.
Feb 14-introduced in House
Feb 15-to Banking and Insurance (H)
Feb 16-posted in committee
Feb 22-reported favorably, 1st reading, to Calendar
Feb 23-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 24, 2006
Feb 27-3rd reading, passed 100-0
Feb 28-received in Senate
Mar 2-to Banking and Insurance (S)