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304.14-644 Required disclosure of availability of Kentucky Long-Term Care
Partnership Insurance Program.
(1)
(2)
Each insurer or its agent, soliciting or offering to sell a policy that is intended to
qualify as a partnership policy, shall provide each prospective applicant a
Partnership Program Notice disclosing the availability of the Kentucky
Long-Term Care Partnership Insurance Program as authorized in Section 6021
of the Deficit Reduction Act of 2005 and outlining the requirements and
benefits of a partnership policy.
The manner and content of the disclosure described in subsection (1) of this
section shall be established through promulgation of administrative regulations
by the Department of Insurance in coordination with the Cabinet for Health and
Family Services.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1171, effective July 15, 2010. -Created 2008 Ky. Acts ch. 16, sec. 3, effective July 15, 2008.
Legislative Research Commission Note ((7/15/2008). A reference to "42 U.S.C.
sec. 6021" in subsection (1) of this section as it appears in 2008 Ky. Acts ch. 16,
sec. 3, has been replaced with "Section 6021 of the Deficit Reduction Act of
2005" by the Reviser of Statutes during codification to correct a manifest clerical
or typographical error. Consultation with the drafter and examination of the
materials in the bill folder for House Bill 259 (which became 2008 Ky. Acts
ch. 16) show that the former reference was intended to have been to the
amendments made by Section 6021 of the Deficit Reduction Act of 2005 to
various sections of 42 U.S.C. secs. 1395 et seq., and not to Section 6021 of that
title, an unrelated section that was repealed in 2000. This correction has been
made under the authority of KRS 7.136(1).
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