republic-os/legislation/us/states/ky/2018rs/hb-464.md

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
Bill	AN ACT relating to credit for reinsurance. Amend KRS 304.5-140 to define "NAIC"; allow commissioner of Department of Insurance to promulgate administrative regulations establishing additional requirements for certain reinsurance arrangements; require accredited reinsurers to demonstrate adequate financial capacity; authorize reduction in trusteed surplus for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for assuming insurers that have been certified or seek to be certified as a reinsurer in Kentucky; require the commissioner to publish a list of qualified jurisdictions under which assuming insurers are eligible to be considered for certification as a reinsurer; require the commissioner to assign and publish a list setting forth the rating for each certified reinsurer; authorize the commissioner to suspend or revoke a reinsurer's accreditation or certification and establish due process procedures; establish requirements for the management of a ceding insurer's reinsurance recoverables; allow the commissioner to permit a certified reinsurer to defer posting security for catastrophic recoverables under certain circumstances; include certain exempted assets as acceptable forms of security permitted for certain reinsurance arrangements; authorize commissioner to promulgate administrative regulations; make conforming amendments; EFFECTIVE January 1, 2019.	AN ACT relating to credit for reinsurance. Amend KRS 304.5-140 to define "NAIC"; allow commissioner of Department of Insurance to promulgate administrative regulations establishing additional requirements for certain reinsurance arrangements; require accredited reinsurers to demonstrate adequate financial capacity; authorize reduction in trusteed surplus for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for assuming insurers that have been certified or seek to be certified as a reinsurer in Kentucky; require the commissioner to publish a list of qualified jurisdictions under which assuming insurers are eligible to be considered for certification as a reinsurer; require the commissioner to assign and publish a list setting forth the rating for each certified reinsurer; authorize the commissioner to suspend or revoke a reinsurer's accreditation or certification and establish due process procedures; establish requirements for the management of a ceding insurer's reinsurance recoverables; allow the commissioner to permit a certified reinsurer to defer posting security for catastrophic recoverables under certain circumstances; include certain exempted assets as acceptable forms of security permitted for certain reinsurance arrangements; authorize commissioner to promulgate administrative regulations; make conforming amendments; EFFECTIVE January 1, 2019.	us/states/ky	Kentucky General Assembly	2018RS	HB 464	Kentucky HB 464 (2018RS)	bill		enacted	B. Rowland J. Gooch Jr. S. Riggs	4	27	0	2018-02-23	2018-04-26	openstates	ocd-bill/37ef4583-ebf4-4310-b601-74ad68a1002b	http://www.lrc.ky.gov/record/18RS/HB464.htm	2db820baa4ef2b0c9b31d055141485ae617ecbd67bb2aac633dc339701863f2a	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-ky

Kentucky HB 464 (2018RS) — AN ACT relating to credit for reinsurance. Amend KRS 304.5-140 to define "NAIC"; allow commissioner of Department of Insurance to promulgate administrative regulations establishing additional requirements for certain reinsurance arrangements; require accredited reinsurers to demonstrate adequate financial capacity; authorize reduction in trusteed surplus for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for certain assuming insurers maintaining a trust for the payment of reinsurance claims; establish requirements for assuming insurers that have been certified or seek to be certified as a reinsurer in Kentucky; require the commissioner to publish a list of qualified jurisdictions under which assuming insurers are eligible to be considered for certification as a reinsurer; require the commissioner to assign and publish a list setting forth the rating for each certified reinsurer; authorize the commissioner to suspend or revoke a reinsurer's accreditation or certification and establish due process procedures; establish requirements for the management of a ceding insurer's reinsurance recoverables; allow the commissioner to permit a certified reinsurer to defer posting security for catastrophic recoverables under certain circumstances; include certain exempted assets as acceptable forms of security permitted for certain reinsurance arrangements; authorize commissioner to promulgate administrative regulations; make conforming amendments; EFFECTIVE January 1, 2019.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. HB 464 (As Introduced) (committee substitute) — source
2. Most Recent Version (committee substitute) — source
3. SCA1 (committee substitute) — source
4. SCS1 (committee substitute) — source

Sponsors

• B. Rowland — primary (person)
• J. Gooch Jr. — primary (person)
• S. Riggs — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2018-02-23 Introduced in House introduction
• 2018-02-26 To Banking & Insurance (H) referral-committee
• 2018-02-26 Posted in committee
• 2018-02-28 Reported favorably, 1st reading, to Consent Calendar reading-1
• 2018-03-01 2nd reading, to Rules reading-2
• 2018-03-01 Posted for passage in the Consent Orders of the Day for Friday, March 2, 2018
• 2018-03-02 3rd reading, passed 82-0 reading-3, passage
• 2018-03-05 Received in Senate
• 2018-03-06 To Banking & Insurance (S) referral-committee
• 2018-03-20 Reported favorably, 1st reading, to Consent Calendar reading-1
• 2018-03-21 2nd reading, to Rules reading-2
• 2018-03-22 Posted for passage in the Consent Orders of the Day for Thursday, March 22, 2018
• 2018-03-22 Passed over and retained in the Consent Orders of the Day
• 2018-03-22 Taken from the Consent Orders of the Day
• 2018-03-22 Recommitted to State & Local Government (S)
• 2018-03-27 Reported favorably, to Rules with Committee Substitutes (1) committee amendment (1-title)
• 2018-03-27 Posted for passage in the Regular Orders of the Day for Tuesday, March 27, 2018
• 2018-03-27 3rd reading, passed 34-3 with Committee Substitute (1) committee amendment (1-title) reading-3, passage
• 2018-03-27 Received in House
• 2018-03-27 To Rules (H) referral-committee
• 2018-04-13 Posted for passage for concurrence in Senate Committee Substitute and committee amendment (1-title)
• 2018-04-13 House concurred in Senate Committee Substitute and committee amendment (1-title)
• 2018-04-13 Bill passed 70-19
• 2018-04-14 Enrolled, signed by Speaker of the House
• 2018-04-14 Enrolled, signed by President of the Senate
• 2018-04-14 Delivered to Governor
• 2018-04-26 Signed by Governor (Acts, ch. 194) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/37ef4583-ebf4-4310-b601-74ad68a1002b. Confidence: reported (aggregated from official Kentucky legislature records).