HB 256 KY

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Became Law

Create a new section of Subtitle 2 of KRS Chapter 304 to establish the Strengthen Kentucky Homes Program; establish purpose; create the Strengthen Kentucky Homes Program fund; require the commissioner of insurance to promulgate administrative regulations to implement and administer program; create new sections of Subtitle 13 of KRS Chapter 304 to require property insurance companies to provide a premium discount or rate reduction for properties that have received a qualifying certificate of compliance under certain circumstances; permit the insurance commissioner to promulgate administrative regulations to establish standard discount amounts, targets, or benchmarks for coverage; require property insurance companies to offer an optional rider, endorsement, or supplemental policy provision to upgrade non-FORTIFIED single-family dwellings under certain circumstances; provide that Sections 2 and 3 of Act apply to insurance policies and contracts issued or renewed on or after March 1, 2026; provide when submissions are required for premium discounts or rate reductions and the optional rider, endorsement, or supplemental policy provision under Sections 2 and 3 of this Act; provide that the Act may be cited as the Strengthen Kentucky Homes Act; APPROPRIATION.

• M. Pollock Republican · primary

1. Jan 16, 2024 introduced in House · lower
2. Jan 16, 2024 to Committee on Committees (H) · lower
3. Jan 23, 2024 to Banking & Insurance (H) · lower
4. Jan 31, 2024 reported favorably, 1st reading, to Calendar with Committee Substitute (1) · lower
5. Feb 1, 2024 2nd reading, to Rules · lower
6. Feb 2, 2024 recommitted to Appropriations & Revenue (H) · lower
7. Mar 5, 2024 reported favorably, to Rules with Committee Substitute (2) · lower
8. Mar 6, 2024 posted for passage in the Regular Orders of the Day for Thursday, March 07, 2024 · lower
9. Mar 7, 2024 3rd reading, passed 91-0 with Committee Substitute (2) · lower
10. Mar 8, 2024 received in Senate · upper
11. Mar 8, 2024 to Committee on Committees (S) · upper
12. Mar 13, 2024 to Banking & Insurance (S) · upper
13. Mar 21, 2024 reported favorably, 1st reading, to Consent Calendar · lower
14. Mar 22, 2024 2nd reading, to Rules as a consent bill · lower
15. Mar 25, 2024 posted for passage in the Consent Orders of the Day for Tuesday, March 26, 2024 · lower
16. Mar 26, 2024 passed over and retained in the Consent Orders of the Day · lower
17. Mar 27, 2024 passed over and retained in the Consent Orders of the Day · lower
18. Mar 28, 2024 3rd reading, passed 37-1 · lower
19. Mar 28, 2024 received in House · lower
20. Mar 28, 2024 enrolled, signed by Speaker of the House · lower
21. Mar 28, 2024 enrolled, signed by President of the Senate · upper
22. Mar 28, 2024 delivered to Governor · lower
23. Apr 5, 2024 signed by Governor (Acts Ch. 102) · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Acts Chapter 102 · PDF
• Current/Final · PDF
• Introduced · PDF