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NAMIC 2006 Survey of New State Insurance Laws Summary and Analysis

2006 SUMMARY OF NEW STATE LAWS - KENTUCKY

Kentucky State Legislative Website

BILL #

CHAPTER #

ISSUE

BILL DESCRIPTION

HB 54

42

Identity theft - security breach

Permits a consumer to request a security alert to be placed on a consumer file that is sent to a recipient of a consumer report signifying the fact that the consumer's identity may have been used without the consumer's consent to fraudulently obtain goods or services in the consumer's name; provides specified procedures relating to credit report security; permits a consumer damaged by intentional or negligent violation to bring an action. Effective: July 12, 2006.

HB 90

65

Motor vehicle insurance - teen drivers

Relates to graduated driver's licenses for teenagers; requires a person at least 16 years of age and under 18 years to hold an instruction permit for 180 days before applying for an intermediate license; requires a person to hold an intermediate license for 180 days and complete a driver training program before applying for an operator's license; makes a permit valid for three years and an intermediate license valid for two years. Effective: Oct. 1, 2006.

HB 388

124

Workers' compensation - fund management

Requires the Worker's Compensation Funding Commission to establish a special fund assessment rate, and to notify all insurance carriers writing worker's compensation insurance in the state each year, including group and individual self-insured employers, of rates which shall become effective January 1 of each year unless modified by the General Assembly. Effective: April 4, 2006.

HB 561

254

Producer licensure -- miscellaneous

Relates to insurance consultants; changes individual to person in the definition of insurance consultant; provides that no business entity shall act as a consultant unless licensed as a consultant; establishes requirements for license as a consultant for an applicant who is an individual and for an applicant who is a business entity. Effective: April 4, 2006.

The information contained in this summary is not intended as a portrayal of every property/casualty-related law enacted in each state. Rather, it represents recently enacted legislation specifically identified by NAMIC State and Regulatory Affairs Staff as bearing direct relevance to those issues that represent NAMIC's National State Legislative Agenda or otherwise deemed pertinent to the interests of the majority of NAMIC members.

This summary is for use as a convenient tool for our members, and is not intended, and should not be considered to be, legal advice. Please consult your legal representatives.