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Home / News / IIK Scores Several Victories in the 2018 Legislative Session
May 1, 2018
Mark Treesh
News
Comments Off on IIK Scores Several Victories in the 2018 Legislative Session

IIK Scores Several Victories in the 2018 Legislative Session

IIK scored several legislative victories in the 2018 session of the Kentucky General Assembly. Bills on IIK’s agenda list that received final passage are as follows:

  • PIP Reform: We succeeded in adding a section to HB 464, a bill dealing with reinsurance, which requires that KY DOI conduct a study of PIP medical bill payments made to providers and compare those payments with the Workers Comp fee schedule and other similar payments. The study is to be completed by November 15, 2018.
  • Insurance Fraud Recovery: HB 323 sponsored by Rep. Steve Riggs (D-Louisville) deleted a provision in the insurance fraud statute barring civil recovery in the absence of a criminal conviction for insurance fraud. A prohibition on civil recovery in the absence of a criminal conviction is not generally found in law in KY, and it may have been unconstitutional.
  • Credit Balances on LGPT Returns: HB 402 sponsored by Rep. Jeff Greer (D-Brandenburg) represented a compromise struck between insurers represented by IIK and representatives of local governments. Prior to the passage of this bill, it was unclear whether or not the law required a refund of a credit balance of local government premium taxes that sometimes resulted when a specialty insurer had a large policy cancel in mid-term. The cancellation required a refund of remaining premium and tax to the policyholder and a credit balance on the return filed with the local government.

 

← 2017 Session a Major Victory for IIK and Consumers
KY DOI Releases Bulletin 2019-03 on 2019 Legislation →

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...

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Insurance Institute of Kentucky
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