AN ACT relating to delaying the effective date of insurance premium surcharge increases.
     Amend KRS 136.392 to provide that the insurance premium surcharge rate calculated by the commissioner of revenue and related to the commissioner of insurance for the purpose of informing the affected insurers shall take effect no earlier than six months from the date that the commissioner of insurance notifies the affected insurers; delete the requirement that the commissioner of revenue calculate the appropriate rate no later than January 1 of each year; delete the requirement that the adjustment process shall continue on a biennial basis.

     Jan 27-introduced in House
     Jan 30-to Banking & Insurance (H)
     Feb 2-posted in committee
     Feb 15-reported favorably, 1st reading, to Consent Calendar
     Feb 16-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Wednesday, February 22, 2012
     Feb 22-3rd reading, passed 97-0
     Feb 23-received in Senate
     Feb 27-to Banking & Insurance (S)
     Mar 21-reported favorably, 1st reading, to Consent Calendar
     Mar 22-2nd reading, to Rules
     Mar 26-posted for passage in the Consent Orders of the Day for Monday, March 26, 2012; 3rd reading, passed 36-0
     Mar 27-received in House; 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. 80)