HB 431 (BR 1674) - L. Combs, H. Collins
AN ACT relating credit health insurance.
Amend KRS 304.19-010 to extend the duration for credit health insurance from five years to no more than ten years; and amend KRS 304.19-080 to conform and to expand the premium chart establishing the premium amount for the additional 61 to 120 monthly installments.
HB 431 - AMENDMENTS
HFA (1, J. Gooch Jr.) - Require health insurance in connection with loans or other credit transactions that are of more than 5 years but less than 10 years duration to be medically underwritten before issuance of the policy.
HFA (2, J. Higdon) - Require the executive director of the Office of Insurance to submit annually to the Interim Joint Committee on Banking and Insurance a report that specifies for each credit, life and health insurance company the type of creditor, the gross premiums received, the total claims paid, the total claims count, the number of claims paid or settled, the number of claims denied, and the commissions, compensation, or other remuneration paid for the preceding year.
Jan 31-introduced in House
Feb 1-to Banking & Insurance (H)
Feb 14-posted in committee
Feb 20-reported favorably, 1st reading, to Calendar
Feb 21-2nd reading, to Rules; floor amendment (1) filed ; posted for passage in the Regular Orders of the Day for Monday, February 25, 2008
Feb 25-floor amendment (2) filed
Feb 27-3rd reading, passed 92-2
Feb 28-received in Senate
Mar 3-to Banking & Insurance (S)
Mar 13-reported favorably, 1st reading, to Calendar
Mar 14-2nd reading, to Rules