KRS 304.32-160: Forms and schedules of charges -- Filing and approval.

(1) On or after June 18, 1970, no corporation subject to the provisions of this subtitle

shall deliver or issue for delivery in this state any subscription certificate or

membership certificate describing health benefits available, or any indorsement,

rider, or application which becomes a part thereof, or the schedule of rates, dues,

fees, or other periodic charges, to be paid by subscribers or members, until a copy of

such form has been filed with and approved by the commissioner.

(2) At the expiration of thir ty (30) days the form so filed shall be deemed approved

unless prior thereto it has been affirmatively approved or disapproved by order of

the commissioner, or a hearing has been scheduled by order of the commissioner. In

the event that a hearing is held, the thirty (30) day waiting period shall begin anew

after the close of such hearing. Approval of any such form by the commissioner

shall constitute a waiver of any unexpired portion of such waiting period. The

commissioner may extend by not more than an ad ditional thirty (30) day period

within which the commissioner may so affirmatively approve or disapprove any

such form, by giving notice to the insurer of such extension before expiration of the

initial thirty (30) day period. At the expiration of any such period as so extended,

and in the absence of such prior affirmative approval or disapproval, any such form

shall be deemed approved. The commissioner may at any time withdraw any such

approval. Any notice of the commissioner withdrawing a previous approva l shall

state the grounds therefor and the particulars thereof in such detail as reasonable to

inform the insurer thereof. Any such withdrawal of a previously approved form

shall be effective at the expiration of such period, not less than thirty (30) days after

the giving of the notice of withdrawal, as the commissioner shall in such notice

prescribe.

(3) The commissioner's order disapproving any form or withdrawing previous approval

shall state the grounds for disapproval or withdrawal.

(4) The commissioner may, by order, exempt from the requirements of this section for

so long as he or she deems proper, any document or form specified in the order, to

which in his or her opinion this section may not practicably be applied, or the filing

and approval of whi ch are, in his or her opinion, not desirable or necessary for the

protection of the public.