Fabio
6.4 KiB
6.4 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | ||||
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| Bill | AN ACT relating to insurance. Create a new section of Subtitle 45 of KRS Chapter 304 to require independent directors of a risk retention group and an attorney-in-fact for a reciprocal insurer to adhere to the same standards; establish a one year waiting period to qualify as independent; establish standards for and approval by the commissioner of material service provider contracts; require adoption of written policy for board of director responsibilities in the plan of operation; require and establish standards for an audit committee; allow for a waiver by the commissioner of certain audit committee requirements; establish and require disclosure of governance standards; require reporting to the commisioner of material noncompliance with the provisions of the section for risk retention groups; amend KRS 304.45-020 to define "board of directors," "director," "material relationship," and "material service provider contract"; amend KRS 304.45-030 to require notice to the commissioner of any other subsequent material changes to a risk retention group's plan of operation or feasibility study and make technical corrections; amend KRS 304.45-040 and 304.45-060 to conform; repeal and reenact KRS 304.45-050 to adopt alternative model language from the National Association of Insurance Commissioners; EFFECTIVE January 1, 2018. | AN ACT relating to insurance. Create a new section of Subtitle 45 of KRS Chapter 304 to require independent directors of a risk retention group and an attorney-in-fact for a reciprocal insurer to adhere to the same standards; establish a one year waiting period to qualify as independent; establish standards for and approval by the commissioner of material service provider contracts; require adoption of written policy for board of director responsibilities in the plan of operation; require and establish standards for an audit committee; allow for a waiver by the commissioner of certain audit committee requirements; establish and require disclosure of governance standards; require reporting to the commisioner of material noncompliance with the provisions of the section for risk retention groups; amend KRS 304.45-020 to define "board of directors," "director," "material relationship," and "material service provider contract"; amend KRS 304.45-030 to require notice to the commissioner of any other subsequent material changes to a risk retention group's plan of operation or feasibility study and make technical corrections; amend KRS 304.45-040 and 304.45-060 to conform; repeal and reenact KRS 304.45-050 to adopt alternative model language from the National Association of Insurance Commissioners; EFFECTIVE January 1, 2018. | us/states/ky | Kentucky General Assembly | 2017RS | HB 207 | Kentucky HB 207 (2017RS) |
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enacted | 1 | 18 | 0 | 2017-02-07 | 2017-03-16 | openstates | ocd-bill/1eeb2e57-449d-448d-9357-154cdbcd8365 | http://www.lrc.ky.gov/record/17RS/HB207.htm | 378fc12f7d2eb77bde3904e35c619bec33e2f0b257958b03a077295a044eff04 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Kentucky HB 207 (2017RS) — AN ACT relating to insurance. Create a new section of Subtitle 45 of KRS Chapter 304 to require independent directors of a risk retention group and an attorney-in-fact for a reciprocal insurer to adhere to the same standards; establish a one year waiting period to qualify as independent; establish standards for and approval by the commissioner of material service provider contracts; require adoption of written policy for board of director responsibilities in the plan of operation; require and establish standards for an audit committee; allow for a waiver by the commissioner of certain audit committee requirements; establish and require disclosure of governance standards; require reporting to the commisioner of material noncompliance with the provisions of the section for risk retention groups; amend KRS 304.45-020 to define "board of directors," "director," "material relationship," and "material service provider contract"; amend KRS 304.45-030 to require notice to the commissioner of any other subsequent material changes to a risk retention group's plan of operation or feasibility study and make technical corrections; amend KRS 304.45-040 and 304.45-060 to conform; repeal and reenact KRS 304.45-050 to adopt alternative model language from the National Association of Insurance Commissioners; EFFECTIVE January 1, 2018.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Most Recent Version (committee substitute) — source
Timeline
The legislative action history — every referral, reading, and vote.
- 2017-02-07 Introduced in House
introduction - 2017-02-09 To Banking & Insurance (H)
referral-committee - 2017-02-09 Posted in committee
- 2017-02-10 Reported favorably, 1st reading, to Consent Calendar
reading-1 - 2017-02-13 2nd reading, to Rules
reading-2 - 2017-02-13 Posted for passage in the Consent Orders of the Day for Thursday, February 16, 2017
- 2017-02-16 3rd reading, passed 95-1
reading-3, passage - 2017-02-17 Received in Senate
- 2017-02-21 To Banking & Insurance (S)
referral-committee - 2017-02-28 Reported favorably, 1st reading, to Calendar
reading-1 - 2017-03-01 2nd reading, to Rules
reading-2 - 2017-03-03 Posted for passage in the Regular Orders of the Day for Friday, March 3, 2017
- 2017-03-03 3rd reading, passed 37-0
reading-3, passage - 2017-03-03 Received in House
- 2017-03-06 Enrolled, signed by Speaker of the House
- 2017-03-06 Enrolled, signed by President of the Senate
- 2017-03-06 Delivered to Governor
- 2017-03-16 Signed by Governor (Acts, ch. 16)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/1eeb2e57-449d-448d-9357-154cdbcd8365. Confidence: reported (aggregated from official Kentucky legislature records).