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HB 345 (BR 1429) - B. Rowland

     AN ACT relating to surplus lines.
     Amend KRS 304.10-030 to include certain types of disability insurance in the definition of "nonadmitted insurance"; amend KRS 304.10-040 to allow licensed agents with lines of authority in health and life to export disability insurance; amend KRS 304.120 to a broker procuring surplus lines disability coverage maintain his or her agent license with lines of authority for health and life; amend KRS 304.10-180 to remove reference to Surplus Lines Insurance Multi-State Compliance Compact Commission; repeal KRS 304.10-400.


AMENDMENTS

     HCS1 - Keep original provisions; amend KRS 304.10-030 to include definition for "surplus lines"; amend KRS 304.040 to prohibit export of insurance for the sole purpose of securing advatanges; amend KRS 304.10-180 to delete taxing langauge related to the Surplus Lines Insurance Multi-State Compliance Compact.

     Feb 08, 2018 - introduced in House
     Feb 12, 2018 - to Banking & Insurance (H); posted in committee
     Feb 15, 2018 - reported favorably, 1st reading, to Consent Calendar with Committee Substitute
     Feb 16, 2018 - 2nd reading, to Rules