Kentucky HB265 amends insurance regulations, allowing solvent companies to voluntarily dissolve and modifying rules for self-insured groups.

Kentucky HB265 modifies insurance regulations, allowing solvent companies to voluntarily dissolve under specific conditions. It outlines the process for dissolution, including the preparation of a written plan approved by the commissioner. The bill also addresses the authorization of self-insured groups, specifying that only those approved before the act's effective date can continue. It further details the commissioner's role in examining and approving dissolution plans and managing the settlement of company affairs.

Kentucky HB265 amends insurance regulations, allowing solvent companies to voluntarily dissolve and modifying rules for self-insured groups.

Kentucky HB265 modifies insurance regulations, allowing solvent companies to voluntarily dissolve under specific conditions. It outlines the process for dissolution, including the preparation of a written plan approved by the commissioner. The bill also addresses the authorization of self-insured groups, specifying that only those approved before the act's effective date can continue. It further details the commissioner's role in examining and approving dissolution plans and managing the settlement of company affairs.