Kentucky House Bill 350 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 8 2022 - 100% progression
Action: 2022-04-08 - signed by Governor (Acts Ch. 133)
Text: Latest bill text (Chaptered) [PDF]

Amend KRS 304.2-205 and KRS 304.3-240 to require electronic filings; amend KRS 304.2-230 to add analysts to insurance examination provisions; amend KRS 304.5-140 to provide additional authority for the insurance commissioner relating to the assuming insurer list; amend KRS 304.6-134 to remove requirement that a domestic company report total adjusted capital of at least 450% of authorized control level risk-based capital in order to qualify for an exemption from NAIC valuation manual standards; amend KRS 304.17A-300 to terminate the issuance of certificates of filing for provider-sponsored integrated health delivery networks; amend KRS 304.37-010 to modify definition of "commissioner" and add definition for "NAIC"; amend KRS 304.37-020 to add definitions; require certain insurance holding company systems to file an annual group capital calculation with a lead state insurance commissioner; require certain insurance holding company systems scoped into the NAIC Liquidity Stress Test Framework to file liquidity stress test results with a lead state insurance commissioner; amend KRS 304.37-050 to modify confidentiality provisions relating to documents, materials, or other information in the possession of the insurance commissioner; add confidentiality provisions for group capital calculations and liquidity stress test results; make technical amendments throughout.

AN ACT relating to insurance regulatory requirements.

Rep. Jim Gooch [R]

2022-03-29 - House - House: Third Reading RCS# 431 (Y: 93 N: 0 NV: 0 Abs: 7) [PASS]
2022-03-25 - Senate - Senate: Third Reading RSN# 2221 (Y: 34 N: 0 NV: 0 Abs: 4) [PASS]
2022-03-02 - House - House: Third Reading RCS# 196 (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]

Date	Chamber	Action
2022-04-08	House	signed by Governor (Acts Ch. 133)
2022-03-30	House	delivered to Governor
2022-03-30	House	enrolled, signed by President of the Senate
2022-03-30	House	enrolled, signed by Speaker of the House
2022-03-29	House	passed 93-0
2022-03-29	House	House concurred in Senate Committee Substitute (1)
2022-03-29	House	posted for passage for concurrence in Senate Committee Substitute (1)
2022-03-25	House	to Rules (H)
2022-03-25	House	received in House
2022-03-25	Senate	3rd reading, passed 34-0 with Committee Substitute (1)
2022-03-24	Senate	posted for passage in the Consent Orders of the Day for Friday, March 25, 2022
2022-03-23	Senate	2nd reading, to Rules as a consent bill
2022-03-22	Senate	reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1)
2022-03-10	Senate	to Banking & Insurance (S)
2022-03-03	Senate	to Committee on Committees (S)
2022-03-03	Senate	received in Senate
2022-03-02	House	3rd reading, passed 98-0
2022-02-24	House	posted for passage in the Regular Orders of the Day for Friday, February 25, 2022
2022-02-24	House	2nd reading, to Rules
2022-02-23	House	reported favorably, 1st reading, to Calendar
2022-01-25	House	to Banking & Insurance (H)
2022-01-24	House	to Committee on Committees (H)
2022-01-24	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/22RS/hb350.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb350/orig_bill.pdf
Text	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb350/bill.pdf
Text	https://apps.legislature.ky.gov/law/acts/22RS/documents/0133.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/HB350/SCS1.pdf
Roll Call	https://apps.legislature.ky.gov/record/22RS/hb350/vote_history.pdf