Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Kentucky Enacts Settlement Notice Rule

Your article was successfully shared with the contacts you provided.

Kentucky Governor Steven L. Beshear (D) has signed a new law requiring life insurers in the state to notify policy owners of life settlements as an alternative to lapsing or surrendering their life policy.

Under provisions of the law, HB126, notifications of policy holder options are required for policies having a net death benefit of at least $100,000.

The bill, HB126, had been introduced by state Senator Ed Worley (D). It passed the Senate by a vote of 36-0 and the House by 97-2.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.