Minimum benefits under converted policy
Known as the Group or Blanket Health Insurance Law
The act spans §§ 304.18-010 to 304.18-180 (44 sections).
Applied in 1 court decision — leading case International Resources, Inc. v. New York Life Insurance (1991)
Most recently applied in International Resources, Inc. v. New York Life Insurance (November 1991)
Effective: July 15, 2010 History: Amended 2010 Ky
(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.
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.