Kentucky Statutes 304.6-141 – Accident and health insurance contracts issued on or after the operative date of the valuation manual — Application of KRS 304.6-130(2) minimum standard of valuation
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(1) For accident and health insurance contracts issued on or after the operative date of the valuation manual, the standard prescribed in the valuation manual is the minimum standard of valuation required by KRS § 304.6-130(2).
(2) For disability, accident and sickness, and accident and health insurance contracts issued on or after June 18, 1970, but prior to the operative date of the valuation manual, the minimum standard of valuation shall be the standard adopted by the commissioner through administrative regulation.
Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 57, sec. 4, effective June 24, 2015.
(2) For disability, accident and sickness, and accident and health insurance contracts issued on or after June 18, 1970, but prior to the operative date of the valuation manual, the minimum standard of valuation shall be the standard adopted by the commissioner through administrative regulation.
Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 57, sec. 4, effective June 24, 2015.