Where the services of an administrator are utilized, the administrator shall provide a written notice approved by the insurer to insureds advising them of the identity of and the relationship among the administrator, the group contract holder, and the insurer. Where an administrator collects funds, it must identify and state separately in writing to the person paying to the administrator any charge or premium for coverage the amount of any such charge or premium specified by the insurer for such coverage.
KRS 304.9-377
Written notice to insureds when administrator's services utilized
Known as the Reinsurance Intermediary Act
The act spans §§ 304.9-010 to 304.9-784 (110 sections).
Effective: July 15, 1986 History: Created 1986 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.