Sign Up
SB 24 Kentucky Senate · 2025 Regular Session

AN ACT relating to property and casualty insurance.

Summary
Amend KRS 304.47-010 to modify the definition of "statement"; make technical amendments; amend KRS 304.47-020 to establish that statements that misrepresent the scope of damages associated with a property, casualty, or property and casualty insurance claim are fraudulent insurance acts; make technical amendments.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
Senate Passage
Mar 2025
House Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Jan 7, 2025 Signed Mar 18, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Current/Final · 4 edits
MODERATE
This bill amends Kentucky's insurance fraud laws to clarify definitions and broaden the scope of what constitutes fraudulent insurance activity. The changes update terminology to focus specifically on property and casualty insurance, reorganize how certain terms are defined, and add new categories of fraudulent behavior including failing to make proper payments or dispositions of money related to insurance transactions.
Scope change
The bill narrows the title focus from general insurance fraud to specifically property and casualty insurance, while adding new fraudulent acts related to payment handling and expanding the definition of who can be considered an 'insured'.
DEFINITION

Changed the bill title from general insurance fraud to specifically property and casualty insurance fraud

Reorganized and clarified definitions of 'criminal syndicate', 'division', 'insurance policy', 'insured', 'insurer', 'law enforcement agency', and 'statement'

REQUIREMENT

Added new fraudulent acts including knowingly transacting contracts that violate the law and failing to make proper payment or disposition of money related to insurance transactions

ELIGIBILITY

Expanded the definition of 'insured' to include persons who are not named insureds but believe in good faith they should be covered due to another's fraudulent action

Floor votes · Senate Feb 18, 2025

How they voted

41–0
Passed · 2 other
Total votes 43
Feb 18, 2025
D Democratic6
6 Yea
100% Yea
R Republican37
35 Yea 2
94% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
19
Key actions
7
Committee
6
Mar 18, 2025
Signed into law
signed by Governor (Acts Ch.25)
upper
Mar 11, 2025
Lower · Passed
enrolled, signed by Speaker of the House
lower
Mar 11, 2025
Upper · Passed
enrolled, signed by President of the Senate
upper
Mar 11, 2025
Upper · Passed
3rd reading, passed 92-1
upper
Mar 5, 2025
Upper · Passed
reported favorably, 1st reading, to Calendar
upper
Feb 28, 2025
Committee
to Banking & Insurance (H)
lower
Feb 19, 2025
Committee
to Committee on Committees (H)
lower
Feb 18, 2025
Upper · Passed
3rd reading, passed 36-0 with Committee Substitute (1) and Committee Amendment (1-title)
upper
Feb 11, 2025
Upper · Passed
reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)
upper
Jan 9, 2025
Committee
to Banking & Insurance (S)
upper
Jan 7, 2025
Committee
to Committee on Committees (S)
upper
Jan 7, 2025
Introduced
introduced in Senate
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.