HB 498 (BR 1694) - T. Couch
AN ACT relating to use of territory as a factor in establishing insurance rates.
Create a new section of Subtitle 13 of KRS Chapter 304 to require an insurer, to the extent it has credible data, that uses territory as a rating factor to submit to the executive director a statement that the territories used by the insurer have been reviewed within the past 3 years and that use of the territories is actuarially justified.
Feb 14-introduced in House
Feb 20-to Banking & Insurance (H)
Feb 26-posted in committee
Mar 7-reported favorably, 1st reading, to Calendar
Mar 8-2nd reading, to Rules