2006 Kentucky Revised Statutes - .560   Most-favored-nation provision.

304.17A-560 Most-favored-nation provision. (1) No insurance contract with a provider shall contain a most-favored-nation provision except where the executive director determines that the market share of the insurer is nominal. (2) Nothing in this section shall be construed to prohibit a health insurer and a provider from negotiating payment rates and performance-based contract terms that would result in the health insurer receiving a rate that is as favorable, or more favorable, than the rates negotiated between a provider and other health insurance issuers. Effective: April 10, 1998 History:Created 1998 Ky. Acts ch. 496, sec. 37, effective April 10, 1998. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section. Page 1 of 1