09RS HB264
LRC Seal

HB264

09RS

WWW Version

The hyperlink to a bill draft that precedes a summary contains the most recent version (Introduced/GA/Enacted) of the bill. If the session has ended, the hyperlink contains the latest version of the bill at the time of sine die adjournment. Note that the summary pertains to the bill as introduced, which is often different from the most recent version.

Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.


HB 264 (BR 436) - J. Greer, S. Riggs, S. Santoro, T. Thompson

     AN ACT relating to insurance loss run statements.
     Create a new section of subtitle 12 of KRS Chapter 304 to define loss run statement; require an insurer to provide a loss run statement within 10 days of a written request submitted by another insurer; provide that the loss run statement shall be for a three-year loss run history or a complete history if less than three years; prohibit the receiving agent from divulging consumer information to a third party; prohibit an insurer from charging a fee for a loss run statement; and, create a new section of subtitle 99 of KRS Chapter 304 to provide that an insurer who does not provide a loss run statement as requested shall be fined not less than $100 nor more than $250 for each day the insurer fails to provide the loss run statement.

HB 264 - AMENDMENTS


     HCS - Create a new section of Subtitle 20 of KRS Chapter 304, relating to casualty insurance, to define "commercial property and casualty" and "loss run statement"; create a new section of Subtitle 20 of KRS Chapter 304 to require that a loss run statement be provided to an insured or the insurer's agent by an insurer within ten days of a written request by the insured or an insurer's agent; require an insurer's agent who receives a loss run statement to provide the statement to the insured within five calendar days; require the loss run statement contain a three year loss run history unless the history is less than three years; require an agent who receives a loss run statement to not divulge its contents and to maintain privacy of the consumer's information; prohibit charging a fee for provision of a loss run statement; and retain the penalty provision for failure to provide a loss run statement upon request as required, but apply it to an insurer's agent in addition to the insurer.

     HFA (1, J. Greer) - Clarify that an insurer's agent is the agent of the subject insurer; clarify that information be held confidential as required by law, rather than require privacy of other customer information; and make technical amendments.

     Feb 4-introduced in House
     Feb 5-to Banking & Insurance (H)
     Feb 9-posting waived
     Feb 11-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Feb 12-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Tuesday, February 24, 2009
     Feb 13-taken from the Consent Orders of the Day, placed in the Regular Orders of the Day
     Feb 23-floor amendment (1) filed to Committee Substitute
     Feb 24-3rd reading, passed 99-0 with Committee Substitute, floor amendment (1)
     Feb 25-received in Senate
     Feb 27-to Banking & Insurance (S)
     Mar 9-reported favorably, 1st reading, to Consent Calendar
     Mar 10-2nd reading, to Rules

Vote History
Legislature Home Page | Record Front Page