HB 350 KY

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Became Law

Amend KRS 304.2-205 and KRS 304.3-240 to require electronic filings; amend KRS 304.2-230 to add analysts to insurance examination provisions; amend KRS 304.5-140 to provide additional authority for the insurance commissioner relating to the assuming insurer list; amend KRS 304.6-134 to remove requirement that a domestic company report total adjusted capital of at least 450% of authorized control level risk-based capital in order to qualify for an exemption from NAIC valuation manual standards; amend KRS 304.17A-300 to terminate the issuance of certificates of filing for provider-sponsored integrated health delivery networks; amend KRS 304.37-010 to modify definition of "commissioner" and add definition for "NAIC"; amend KRS 304.37-020 to add definitions; require certain insurance holding company systems to file an annual group capital calculation with a lead state insurance commissioner; require certain insurance holding company systems scoped into the NAIC Liquidity Stress Test Framework to file liquidity stress test results with a lead state insurance commissioner; amend KRS 304.37-050 to modify confidentiality provisions relating to documents, materials, or other information in the possession of the insurance commissioner; add confidentiality provisions for group capital calculations and liquidity stress test results; make technical amendments throughout.

• J. Gooch Jr. Republican · primary

1. Jan 24, 2022 introduced in House · lower
2. Jan 24, 2022 to Committee on Committees (H) · lower
3. Jan 25, 2022 to Banking & Insurance (H) · lower
4. Feb 23, 2022 reported favorably, 1st reading, to Calendar · lower
5. Feb 24, 2022 2nd reading, to Rules · lower
6. Feb 24, 2022 posted for passage in the Regular Orders of the Day for Friday, February 25, 2022 · lower
7. Mar 2, 2022 3rd reading, passed 98-0 · lower
8. Mar 3, 2022 received in Senate · upper
9. Mar 3, 2022 to Committee on Committees (S) · upper
10. Mar 10, 2022 to Banking & Insurance (S) · upper
11. Mar 22, 2022 reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1) · lower
12. Mar 23, 2022 2nd reading, to Rules as a consent bill · lower
13. Mar 24, 2022 posted for passage in the Consent Orders of the Day for Friday, March 25, 2022 · lower
14. Mar 25, 2022 3rd reading, passed 34-0 with Committee Substitute (1) · lower
15. Mar 25, 2022 received in House · lower
16. Mar 25, 2022 to Rules (H) · lower
17. Mar 29, 2022 posted for passage for concurrence in Senate Committee Substitute (1) · lower
18. Mar 29, 2022 House concurred in Senate Committee Substitute (1) · lower
19. Mar 29, 2022 passed 93-0 · lower
20. Mar 30, 2022 enrolled, signed by Speaker of the House · lower
21. Mar 30, 2022 enrolled, signed by President of the Senate · upper
22. Mar 30, 2022 delivered to Governor · lower
23. Apr 8, 2022 signed by Governor (Acts Ch. 133) · 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 133 · PDF
• Current/Final · PDF
• Introduced · PDF