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HB 497 (BR 1974) - T. Mills, R. Damron, S. Riggs

     AN ACT relating to insurance consumer protections.
    Create a new statute in Subtitle 13 of KRS Chapter 304 to allow exceptions to an insurer’s use of credit information with regard to rates, rating classifications, tier placement and underwriting guidelines for specific life events; amend KRS 304.16-030 and 304.16-090 to allow insureds to contribute to the cost of their group life insurance; amend KRS 304.16-085 to amend the definition of dependent, as it relates to group life insurance, to allow dependent coverage for certain disabled dependents beyond age 18; create a new section of KRS Chapter 304, Subtitle 16, to allow for discretionary groups; create new sections of Subtitles 17 and 18 of KRS Chapter 304 to define “actual charges” as it relates to claims payments under health benefit plans; create a new section of KRS Chapter 304, Subtitle 20, to prohibit an insurer from canceling, nonrenewing, or increasing the premium based on an inquiry which does not reasonably apprise the insurer of a claim; amend KRS 304.20-040 to require 14 days’ notice for cancellation of a personal automobile policy that has been in effect for less than 60 days; address cancellations or nonrenewals of property and casualty coverage based solely on a specific life event that influences a person’s credit information; require insurers to respond to a request for information from the Department of Insurance regarding the nonrenewal of a personal automobile policy within seven days; amend KRS 304.020-042 to address cancellations or nonrenewal of property and casualty coverage based on a specific life event that influenced a person’s credit information.


     HCS - Retain original provisions except delete Sections 6 and 7 which contained new sections of Subtitles 17 and 18 of KRS Chapter 304 to provide that for purposes of individual health insurance policies providing protection against loss caused by a specific disease, the term "actual charge" means the amount the provider has accepted as full payment by an insured on behalf of an insured.
     HFA (1, A. Koenig) - Delete the new language amending KRS 304.20-040 which would prohibit an insurer or agent from declining, refusing to renew, or canceling an automobile insurance policy based solely on the use of specified extraordinary life circumstances that directly influence credit history.
     SFA (1, R. Jones II) - Keep original provisions, except add and amend KRS section 304.17A.150 to include as an unfair trade practice requirements that restrict, reduce, or negate benefits covered under a health benefit plan.
     SFA (2, T. Buford) - Create a new section of Subtitle 17C of KRS Chapter 304 to prohibit setting fees for noncovered services or requiring plan approval in a limited health service benefit plan participating provider agreement.
     SFA (3/Title, T. Buford) - Make title amendment.

     Feb 28-introduced in House
     Feb 29-to Banking & Insurance (H)
     Mar 2-posted in committee
     Mar 7-reported favorably, 1st reading, to Calendar with Committee Substitute
     Mar 8-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, March 9, 2012
     Mar 12-floor amendment (1) filed to Committee Substitute
     Mar 14-3rd reading; floor amendment (1) defeated ; passed 88-9 with Committee Substitute
     Mar 15-received in Senate
     Mar 19-to Banking & Insurance (S)
     Mar 21-reported favorably, 1st reading, to Consent Calendar; floor amendment (1) filed
     Mar 22-2nd reading, to Rules
     Mar 23-floor amendments (2) and (3-title) filed
     Mar 27-posted for passage in the Regular Orders of the Day for Tuesday, March 27, 2012; 3rd reading, passed 33-3 with floor amendments (1) (2) and (3-title)
     Mar 28-received in House; to Rules (H); posted for passage for concurrence in Senate floor amendments (1) (2) and (3-title) ; House concurred in Senate floor amendments (1) (2) and (3-title) ; passed 75-16
     Mar 29-enrolled, signed by Speaker of the House
     Mar 30-enrolled, signed by President of the Senate; delivered to Governor
     Apr 11-signed by Governor (Acts ch. 116)

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