Kentucky Statutes 304.18-120 – Minimum benefits under converted policy
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(1) A converted policy issued pursuant to the conversion privilege contained in a group policy providing hospital or surgical expense insurance shall not impose a lifetime maximum benefit of less than five hundred thousand dollars ($500,000).
(2) The commissioner by administrative regulation shall establish minimum benefits for a converted policy issued pursuant to the conversion privilege contained in a group health policy.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1297, effective July 15, 2010. — Amended 2000 Ky. Acts ch. 521, sec. 4, effective July 14, 2000. — Amended 1986
Ky. Acts ch. 163, sec. 2, effective July 15, 1986. — Amended 1984 Ky. Acts ch. 322, sec. 12, effective July 13, 1984. — Created 1974 Ky. Acts ch. 195, sec. 2, effective January 1, 1975.
(2) The commissioner by administrative regulation shall establish minimum benefits for a converted policy issued pursuant to the conversion privilege contained in a group health policy.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1297, effective July 15, 2010. — Amended 2000 Ky. Acts ch. 521, sec. 4, effective July 14, 2000. — Amended 1986
Ky. Acts ch. 163, sec. 2, effective July 15, 1986. — Amended 1984 Ky. Acts ch. 322, sec. 12, effective July 13, 1984. — Created 1974 Ky. Acts ch. 195, sec. 2, effective January 1, 1975.