KY HB249 | 2011 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 1 2011 - 25% progression, died in chamber
Action: 2011-02-15 - posting waived
Text: Latest bill text (Draft #2) [MS Word]
Status: Introduced on February 1 2011 - 25% progression, died in chamber
Action: 2011-02-15 - posting waived
Text: Latest bill text (Draft #2) [MS Word]
Summary
Create a new section of subtitle 12 of KRS Chapter 304 to define "authorized claim", "automobile liability insurance policy", "insurer", "loss payee", and "repair facility"; require insurers to issue payment for authorized claims, when a motor vehicle is subject to a lien, directly to the vehicle repair facility for completed repairs and to provide written notice of completion of the vehicle repair to a loss payee within 30 days after completion of the repair; require insurers to issue payment for authorized claims, when a motor vehicle is not subject to a lien, jointly to the policy holder and the vehicle repair facility naming both the policy holder and the vehicle repair facility as payees; state that a violation of this Act constitutes an unfair claims settlement practice that may be disciplined pursuant to KRS 304.12-120; state that a vehicle repair facility's endorsement of a payment instrument tendered under this Act is certification by the facility of completion of the repair that is the subject of the authorized claim.
Title
AN ACT relating to motor vehicle repair insurance claims.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2011-02-15 | posting waived | |
2011-02-02 | to Banking & Insurance (H) | |
2011-02-01 | introduced in House |
Kentucky State Sources
Type | Source |
---|---|
Summary | http://www.lrc.ky.gov/record/11RS/HB249.htm |
Text | http://www.lrc.ky.gov/record/11RS/HB249/bill.doc |