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Issues

Home / Issues
May 21, 2020
Mark Treesh
Issues
Comments Off on Insurance and the Pandemic

Insurance and the Pandemic

Business Interruption Coverage This spring, in response to the rapidly spreading virus about which little was initially known, state governments responded by limiting the activities of some businesses and closing others altogether. Business owners who were faced with massive losses of revenue began to question whether or not business interruption insurance coverage would cover income […]

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Jun 6, 2019
Mark Treesh
Issues
Comments Off on Personal Injury Protection (PIP) Auto Insurance Coverage

Personal Injury Protection (PIP) Auto Insurance Coverage

Background on PIP Personal Injury Protection (PIP) is a mandatory auto insurance coverage in Kentucky. All insured drivers must carry PIP coverage of at least $10,000, but additional coverage can be obtained for up to $50,000. The coverage can be used for medical expenses, lost wages, funeral expenses, and replacement services. Costs Are Increasing PIP […]

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Jun 5, 2019
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Local Government Insurance Premium Taxes (Municipal Premium Taxes)

Background on the Tax: Kentucky policyholders often have questions about the taxes that show up on their premium notices.  Kentucky law permits local governments to impose taxes on premiums charged by insurance companies, although not all of them do. According to the latest information available from the Kentucky Department of Insurance (DOI), 362 municipalities and […]

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Apr 10, 2014
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The Use of Credit-Scoring in Setting Premiums

How Are Insurance Premiums Determined? Insurance is often said to rely upon the law of large numbers in which a large number of people facing a common risk come together to share the costs of that risk. It’s really fairly simple – everyone pays a premium, and when you have a “covered” loss, you collect […]

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Apr 2, 2014
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Municipal Emergency Response Fees (Accident Taxes)

Background on Emergency Response Fees In many states, particularly in the Midwest, many local communities have begun the practice of instituting “emergency response fees” that are billed to those involved in an auto accident or other incidents that require a response by emergency first responders. These fees charged are in addition to the taxes already […]

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News

  • IIK’s 2023 Agenda Items
  • HB 170 Passed to Streamline Settlements for Minors
  • HB 380 Passed to Modernize KY Insurance Laws
  • IIK Supports Hands-free Cell Phone Use Legislation
  • IIK’s 2022 Agenda Items

Issues

  • Insurance and the Pandemic
  • Personal Injury Protection (PIP) Auto Insurance Coverage
  • Local Government Insurance Premium Taxes (Municipal Premium Taxes)
  • The Use of Credit-Scoring in Setting Premiums
  • Municipal Emergency Response Fees (Accident Taxes)

IIK AMICUS BRIEF PROGRAM

IIK accepts applications from members and non-members to file an amicus brief in cases which could have an impact on insurance law in Kentucky. Learn more about how to apply here.

INSURANCE 101

Insurance 101 contains information on the basics of insurance as well as a brief look at some key issues that affect insurance consumers. Just click here to take a quick tour.

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Insurance Institute of Kentucky

Our Issues

  • Insurance and the Pandemic
  • Personal Injury Protection (PIP) Auto Insurance Coverage
  • Local Government Insurance Premium Taxes (Municipal Premium Taxes)
  • The Use of Credit-Scoring in Setting Premiums
  • Municipal Emergency Response Fees (Accident Taxes)

About IIK

The Insurance Institute of Kentucky is a non-profit corporation dedicated to educating, supporting and assisting the Kentucky insurance consumer, market and industry. read more...

Contact Us

Insurance Institute of Kentucky
PO Box 54542
Lexington, KY 40555-4542
[email protected]

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