KRS 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 o n 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 purchasin g outlet is registered with the Kentucky Department

of Insurance to provide specific administrative services and may not assume

any risk for claim and benefit payments; and

(c) Other disclosures as the commissioner shall require by administrative

regulation.