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6.237 Group life and group hospitalization insurance for members of General
Assembly.
(1)
(2)
(3)
(4)
The secretary of the Finance and Administration Cabinet, upon the
recommendation of the director of the Legislative Research Commission shall
procure from one (1) or more life insurance companies, and from one (1) or
more hospitalization insurance companies, authorized to do business in this
state, a policy or policies of group life insurance insuring the lives of all
members of the General Assembly and shall procure a policy or policies of
group hospitalization insurance covering all members of the General Assembly.
The policy or policies shall be approved by the commissioner of the
Department of Insurance and may contain such provisions as he approves
whether or not otherwise permitted by the insurance laws.
(a) The premiums shall be paid by the state for individual policies for
members of the General Assembly. The premiums for family policies shall
be paid by funds contributed partly from the policyholder and partly from
the state.
(b) No payment of premium by the state shall constitute compensation to an
insured employee for the purposes of any statute fixing or limiting the
compensation of such an employee; any premium or other expense
incurred by the state shall be considered a proper cost of administration.
The policy or policies may also provide accidental death and dismemberment
insurance and may contain such provisions with respect to the amounts of
insurance for members of the General Assembly, terms of eligibility,
continuation of insurance after retirement, and such other provisions as the
commissioner of the Department of Insurance may approve.
The secretary of the Finance and Administration Cabinet is authorized to
perform all acts necessary or advisable for the purpose of contracting for and
maintaining insurance under the provisions of this section.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 2, effective July 15, 2010. -- Created
1976 Ky. Acts ch. 112, sec. 1.
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