Bill > HB415

This bill creates a new section in Kentucky's insurance law that defines and exempts certain types of insurance and health benefits from the application of Subtitle 17A of KRS Chapter 304. The bill allows the insurance commissioner to establish specific exemptions for various limited or specialized insurance types. Specifically, the legislation provides a comprehensive list of insurance and coverage types that would be excluded from the subtitle's provisions, including accident policies, credit insurance, dental and vision plans, disability income insurance, paid family leave insurance, long-term care insurance, Medicare supplement insurance, hospital indemnity insurance, and medical expense reimbursement coverage that supplements primary health insurance. The bill also grants the insurance commissioner the authority to create administrative regulations that can exempt additional types of similar or limited insurance through a formal regulatory process. The purpose appears to be to provide clarity and flexibility in defining the scope of insurance regulations, allowing for more precise treatment of specialized insurance products that may not fit standard regulatory frameworks.

Business and Industry

https://apps.legislature.ky.gov/record/25RS/hb415.html