Kentucky House Bill 505 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 26 2018 - 25% progression, died in committee
Action: 2018-02-28 - to Banking & Insurance (H)
Pending: House Banking and Insurance Committee
Text: Latest bill text (Draft #1) [PDF]

Amend KRS 304.39-320 to provide that every insurer shall provide underinsured motorist coverage in the insurance policy or supplement; provide that the insured may reject underinsured motorist coverage in writing; provide that if a named insured rejected underinsured coverage, the insurer is not required to provide coverage supplemental to a reinstatement, substitute, replacement, or amended policy issued to the same named insured by the same insurer or its affiliates unless a named insured requests the coverage in writing; require the Department of Insurance to establish a form for the rejection of coverage; amend KRS 304.39-040 to provide that every insurer writing liability insurance coverage for motorcycles shall provide coverage for basic reparation benefits, uninsured motorist coverage, underinsured motorist coverage, and added reparation benefits; allow a named insured to reject such coverage in writing; provide that if a named insured rejected basic reparations benefits, uninsured motorists coverage, and underinsured coverage, the insurer is not required to provide coverage supplemental to a reinstatement, substitute, replacement, or amended policy issued to the same named insured by the same insurer or its affiliates, unless a named insured requests the coverage in writing; require the Department of Insurance to establish a form for the rejection of coverage.

AN ACT related to motor vehicle insurance.

Rep. Angie Hatton [D]

Date	Chamber	Action
2018-02-28	House	to Banking & Insurance (H)
2018-02-26	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/18RS/HB505.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/18RS/HB505/bill.pdf