AN ACT relating to insurance regulatory requirements.
Summary
Amend KRS 304.2-205 and KRS 304.3-240 to require electronic filings; amend KRS 304.2-230 to add analysts to insurance examination provisions; amend KRS 304.5-140 to provide additional authority for the insurance commissioner relating to the assuming insurer list; amend KRS 304.6-134 to remove requirement that a domestic company report total adjusted capital of at least 450% of authorized control level risk-based capital in order to qualify for an exemption from NAIC valuation manual standards; amend KRS 304.17A-300 to terminate the issuance of certificates of filing for provider-sponsored integrated health delivery networks; amend KRS 304.37-010 to modify definition of "commissioner" and add definition for "NAIC"; amend KRS 304.37-020 to add definitions; require certain insurance holding company systems to file an annual group capital calculation with a lead state insurance commissioner; require certain insurance holding company systems scoped into the NAIC Liquidity Stress Test Framework to file liquidity stress test results with a lead state insurance commissioner; amend KRS 304.37-050 to modify confidentiality provisions relating to documents, materials, or other information in the possession of the insurance commissioner; add confidentiality provisions for group capital calculations and liquidity stress test results; make technical amendments throughout.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2022
Committee Review
Mar 2022
House Passage
Mar 2022
Senate Passage
Mar 2022
Signed into Law
Apr 2022
Introduced Jan 24, 2022
Signed Apr 8, 2022
Floor votes · House Mar 2, 2022
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
23
Key actions
10
Committee
9
Apr 8, 2022
Signed into law
signed by Governor (Acts Ch. 133)
lower
Mar 30, 2022
Upper · Passed
enrolled, signed by President of the Senate
upper
Mar 30, 2022
Lower · Passed
enrolled, signed by Speaker of the House
lower
Mar 29, 2022
Lower · Passed
passed 93-0
lower
Mar 29, 2022
Lower · Passed
House concurred in Senate Committee Substitute (1)
lower
Mar 29, 2022
Lower · Passed
posted for passage for concurrence in Senate Committee Substitute (1)
lower
Mar 25, 2022
Committee
to Rules (H)
lower
Mar 25, 2022
Lower · Passed
3rd reading, passed 34-0 with Committee Substitute (1)
lower
Mar 22, 2022
Lower · Passed
reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1)
lower
Mar 10, 2022
Committee
to Banking & Insurance (S)
upper
Mar 3, 2022
Committee
to Committee on Committees (S)
upper
Mar 2, 2022
Lower · Passed
3rd reading, passed 98-0
lower
Feb 23, 2022
Lower · Passed
reported favorably, 1st reading, to Calendar
lower
Jan 25, 2022
Committee
to Banking & Insurance (H)
lower
Jan 24, 2022
Committee
to Committee on Committees (H)
lower
Jan 24, 2022
Introduced
introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jim Gooch
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 350
Scope: KY
Hi! I can help you understand HB 350. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline