02RS HB164


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HB 164 (BR 1173) - R. Damron

     AN ACT relating to insurance.
     Amend KRS 304.12-030 to bring annuities and variable insurance products under the scope of the current requirements for the replacement of life insurance; include within the definition of replaced policy an existing policy or contract that has been or is to be used in a financed purchase; amend KRS 304.15-700 to delete requirement for attendance at a pre-licensing training class for viatical settlement brokers; amend KRS 304.15-717 to prohibit an individual from viaticating a life insurance policy during the contestable period unless the viator certifies to the viatical settlement provider that enumerated conditions have been met.


     HCA (1, R. Damron) - Make technical corrections.

     (Prefiled by the sponsor(s))

     Jan 8-introduced in House; to Banking and Insurance (H)
     Jan 16-posted in committee
     Jan 30-reported favorably, 1st reading, to Calendar with committee amendment (1)
     Jan 31-2nd reading, to Rules
     Feb 1-posted for passage in the Regular Orders of the Day for Monday, February 4, 2002
     Feb 4-3rd reading, passed 94-0 with committee amendment (1)
     Feb 5-received in Senate
     Feb 7-to Banking and Insurance (S)

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