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HB 258: Hands-free Cell Phone Use Distracted Driving is a serious problem in Kentucky and across the nation. According to the National Highway Traffic Safety Administration (NHTSA), distracted driving claimed 3,142 lives in 2019. Specifically for KY, according to the 2020-24 Strategic Highway Safety Plan, 843 of the 3,733 highway fatalities in Kentucky between 2014 […]

IIK worked with member and non-member insurers to pass SB 71 sponsored by Sen. Jared Carpenter in the 2021 legislative session. The bill was based on the NCOIL Consumer Protection Towing Model Act, and it has been modified to fit KY following discussions among the insurance industry, the towing association, the KY Bankers Association, the […]

The Kentucky Department of Insurance released Bulletin 2021-002 with summaries of insurance legislation passed by the Kentucky General Assembly in the 2019 legislative session. Bills related to property and casualty or life insurance included in the bulletin are: House Bill 75 – An Act Relating to Living Organ Donation (Prohibits refusing to issue or declining to renew […]

IIK worked with Rep. Joe Fischer to pass HB 150 in the 2020 legislative session. It had quite a wild ride before it was finally passed, but it did finally become law. The bill initially passed the House and then underwent revisions in the Senate before passing there. The House and Senate eventually agreed on a final […]

IIK worked with Rep. Joe Fischer to pass HB 313 in order to modernize two aspects of KY insurance law: Auto Alarm Systems: Kentucky statutes specify discounts that insurers must give for auto alarm systems. Those statutes were written in 1986 and specify outdated technology. In addition, the discounts required do not match the risk […]

A number of bills with an insurance impact passed during the 2020 legislative session. The key bills were as follows: HB 417 (Rep. Bart Rowland) – Credit for Reinsurance Model Act Amendments:  In 2019, the National Association of Insurance Commissioners gave its approval to amendments to the Credit for Reinsurance Model Law and Regulation. These standards are […]

In IIK’s Insurance 101 article about Distracted Driving, we discuss that many states have enacted laws in recent years to deal with distracted driving. The most common distractions discussed are the use of cell phones and texting while driving. These are not the only distractions but they seem to be growing the fastest among all […]

IIK was one of the major leaders in the passage of a major bill designed to combat insurance fraud in Kentucky. Insurance fraud has been a major problem for years in Kentucky, especially in and around the Metro Louisville area. Among the reasons that fraud is so prevalent here are: The penalties for insurance fraud […]

The Kentucky General Assembly passed a bill during the 2019 legislative session that will establish an “insurance sandbox” to allow companies to test innovations in the insurance marketplace. HB 386 was sponsored by House Banking and Insurance Chair Bart Rowland (R-Tompkinsville) and it will become law on June 27. The bill allows companies to make […]