KY SB116 | 2013 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 7 2013 - 25% progression, died in committee
Action: 2013-02-13 - to Banking & Insurance (S)
Pending: Senate Banking and Insurance Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on February 7 2013 - 25% progression, died in committee
Action: 2013-02-13 - to Banking & Insurance (S)
Pending: Senate Banking and Insurance Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Amend KRS 304.39-320 to provide that if more than 2 individual claims are asserted against an underinsured motorist and the multiple claimants agree to a settlement resulting in exhaustion of the bodily injury liability, the underinsured motorist insurer shall be entitled to a credit against total damages only to the extent of the actual amount of such settlement received by the individual claimant sseking to recover underinsured benefits.
Title
AN ACT relating to underinsured motorist coverage.
Sponsors
| Sen. Ray Jones [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-02-13 | Senate | to Banking & Insurance (S) |
| 2013-02-07 | Senate | introduced in Senate |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/13RS/SB116.htm |
| Text | http://www.lrc.ky.gov/record/13RS/SB116/bill.doc |
