2006 Kentucky Revised Statutes - .762   Outlet to act as policyholder for member -- Certificate of coverage for each member -- Disclosure to members.

304.17A-762 Outlet to act as policyholder for member -- Certificate of coverage for each member -- Disclosure to members. (1) For administrative purposes, an insurance purchasing outlet shall be the policyholder or contract holder of the health benefit plan on behalf of an insurance purchasing outlet member. (2) The participating insurer shall issue a certificate of coverage to each insurance purchasing outlet member. (3) The insurance purchasing outlet shall provide the following disclosures to an insurance purchasing outlet member at the time of enrollment: (a)  The insurance purchasing outlet is not an insurer and does not pay benefits or claims. It collects and distributes premiums on behalf of insurance purchasing outlet members; (b)  The insurance purchasing outlet is registered with the Kentucky Office of Insurance to provide specific administrative services and may not assume any risk for claim and benefit payments; and (c)  Other disclosures as the executive director shall require by administrative regulation. Effective: July 15, 2002 History: Created 2002 Ky. Acts ch. 207, sec. 7, effective July 15, 2002. 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