Legislation


HB 382 – Kentucky

Status: Enacted
Year Introduced: 2019
Link: https://secure.kentucky.gov/billwatch/BillSummary.aspx?br_rsn=43797&ses_rsn=102

Amend KRS 304.42-030 to add coverage for health maintenance organization contracts to the Kentucky Life and Health Insurance Guaranty Association Act; add health care providers rendering services covered under a health insurance policy, contract, or certificate as a beneficiary entitled to coverage; exempt structured settlement factoring transactions and Medicaid policies or contracts from coverage under the subtitle; exempt long-term care or any other health insurance benefits from interest rate coverage exemption; establish a limitation on coverage provided for long-term care riders to a life insurance policy or annuity contract; amend KRS 304.42-050 to conform and add definition for “health benefit plan;” amend KRS 304.42-060 to add health maintenance organizations as members of the Kentucky Life and Health Guaranty Association; amend KRS 304.42-080 to conform and permit the association to reissue policies and contracts of impaired insurers; offer substitute coverage at actuarially justified rates; amend KRS 304.42-090 to conform and make revisions to the assessment requirements; amend KRS 304.42-130 to permit member insurers that are exempt from certain taxes to impose a surcharge to recoup assessments levied; amend KRS 304.42-020, 304.42-110, 304.42-120, 304.42-140, and 304.42-190 to conform.


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