KY HB199 | 2011 | Regular Session

Kentucky House Bill 199 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Engrossed on February 24 2011 - 50% progression, died in chamber
Action: 2011-03-04 - received in House
Text: Latest bill text (Draft #2) [MS Word]

Summary

Create a new section of Subtitle 20 of KRS Chapter 304 to define "commercial property and casualty," "loss run statement," and "provide"; require an insurer to provide a loss run statement within 20 days of a written request from an insured insurer; require the receiving insurer to provide the statement to the insured within five calendar days of receipt; provide that a loss run statement shall be for a five-year loss run history or a complete history of the insured if less than five years; prohibit the receiving insurance agent from divulging confidential consumer information to a third person; prohibit an insurer from charging a fee for preparing and furnishing a loss run statement; create a new section of Subtitle 99 of KRS Chapter 304 to provide that an agent who fails to provide a loss run statement as requested within the specified time frame to another insurer or an insured shall be fined not less than $100 nor more than $250 for each day the agent fails to provide the statement; create a new section of Subtitle 12 of KRS Chapter 304 to require insurers to inform claimants upon notification of a motor vehicle damage claim that the claimant has a right to choose their repair facility and provide that appraisals for motor vehicle damage claims must include a notice so stating; create a new section of Subtitle 99 of KRS Chapter 304 to provide that persons violating Section 3 of this Act shall be subject to a civil fine in an amount not less than $250 and not more than $5,000.

Title

AN ACT relating to insurance.

History

Date	Chamber	Action
2011-03-04		received in House
2011-03-03		3rd reading, passed 34-1with Committee Substitute
2011-03-03		posted for passage in the Regular Orders of the Day for Thursday, March 3, 2011
2011-03-03		floor amendment (1) filed
2011-03-03		reported favorably, to Rules with Committee Substitute
2011-03-01		returned to Banking & Insurance (S)
2011-03-01		2nd reading
2011-03-01		taken from Banking & Insurance (S)
2011-02-28		to Banking & Insurance (S)
2011-02-28		returned to Committee on Committees (S)
2011-02-28		1st reading
2011-02-28		taken from Committee on Committees (S)
2011-02-24		received in Senate
2011-02-23		3rd reading, passed 98-0
2011-02-22		floor amendment (1) withdrawn
2011-02-11		taken from the Consent Orders of the Day, placed in the Regular Orders of the Day
2011-02-10		floor amendment (1) filed
2011-02-10		posted for passage in the Consent Orders of the Day for Friday, February 11, 2011
2011-02-10		2nd reading, to Rules
2011-02-09		reported favorably, 1st reading, to Consent Calendar
2011-02-03		posted in committee
2011-01-07		to Banking & Insurance (H)
2011-01-06		introduced in House