REGULATORY ACTIVITY:

• The Department of Insurance issued Advisory Opinion 2020-01 regarding the depreciation of labor expense in the adjustment of property claims.  To view the opinion, go to http://insurance.ky.gov/PPC/Bulletin.aspx.

LEGISLATIVE ACTIONS:

• House Bill 151

The legislation is enacted to establish a range of criminal penalties resulting from conviction of insurance fraud. The legislation requires certain Kentucky health professional boards to report suspected insurance fraud to the Department of Insurance's Division of Insurance Fraud Investigation and to require the boards to provide information requested by the insurance commissioner. It requires the Department of Kentucky State Police to redact vehicle accident reports provided to news-gathering organizations; provide an exception to redaction for up to three reports per day. It creates a new section of Subtitle 39 of KRS Chapter 304 to prohibit physician self-referrals of health care services for which payment may be made from basic reparations benefits provided under the Motor Vehicle Reparations Act. It incorporates exceptions provided in federal law. It requires refund of amounts collected in violation of section. It amends KRS 304.99-060 to establish civil penalties for violation of Section 4 of the Act. It amends KRS 311.597 to deem violation of Section 4 or 5 of the Act by a physician "dishonorable, unethical, or unprofessional conduct." Effective Date July 27, 2019.

REGULATORY ACTIVITY:

• Kentucky issued bulletin 2019-1 regarding arbitration or other procedures for out of court dispute resolution between insurers and its policy holders. To view the bulletin, go to http://insurance.ky.gov/Bulletin.aspx#Bull. 

REGULATORY ACTIVITY:

• Issued Bulletin 2019-1 regarding policy provisions containing arbitration agreements.  To view the bulletin, go to http://insurance.ky.gov/Bulletin.aspx#Bull.

REGULATORY ACTIVITY:

• Has posted notice of amendments to rule 806 KAR 20:010 Declination, cancellation, and non-renewal of property and casualty insurance and rule 806 KAR 20:021 repealing 806 KAR 20:020 Cancellation and nonrenewal of automobile liability insurance policies.  To view a copy of amendments to 806 KAR 20:010, go to: http://www.lrc.state.ky.us/kar/806/020/010reg.htm. To view a copy of 806 KAR 20:021, go to: http://www.lrc.state.ky.us/kar/806/020/021reg.htm.

REGULATORY ACTIVITY:

• Posted notice of proposed amendments to rule 806 KAR 39:030 Kentucky no-fault rejection form.  A public hearing on the proposed rule will be held on November 22, 2017 at 9:00 A.M. in the Kentucky Department of Insurance, 215 W. Main Street, Frankfort, Kentucky 40601.