{"data":{"id":"us-ky/krs-304.14-120","jurisdiction":"us-ky","citation":"KRS 304.14-120","heading":"Filing and approval of forms.","body":"(1) (a) Except as otherwise provided in this section, a basic insurance policy or\nannuity contract form, or application form where written application is\nrequired and is to be made a part of the policy or contract, or printed rider or\nindorsement form or form of r enewal certificate, shall not be delivered, or\nissued for delivery in this state, unless the form has been filed with and\napproved by the commissioner.\n(b) This subsection shall not apply to:\n1. Any rates filed under Subtitle 17A of this chapter;\n2. Surety bonds;\n3. Specially rated inland marine risks; or\n4. Policies, riders, indorsements, or forms of unique character:\na. Designed for and used with relation to insurance upon a particular\nsubject; or\nb. Which relate to the manner or distribution of benefits or to the\nreservation of rights and benefits under life or health insurance\npolicies and are used at the request of the individual policyholder,\ncontract holder, or certificate holder.\n(c) As to group insurance policies issued and delivered to an association outside\nthis state but covering persons resident in this state, all or substantially all of\nthe premiums for which are payable by the insured members, the group\ncertificates to be delivered or issue d for delivery in this state shall be filed\nwith and approved by the commissioner.\n(d) 1. As to forms for use in property, inland marine, casualty, and surety\ninsurance coverages (other than accident and health), the filing required\nby this subsection may be made by advisory organizations or form\nproviders on behalf of their members and subscribers.\n2. This paragraph shall not be construed to prohibit any member or\nsubscriber of an advisory organization or form provider from filing any\nforms on its own behalf.\n(e) Every advisory organization and form provider shall file with the\ncommissioner for approval every property and casualty policy form and\nendorsement before distribution to members, subscribers, customers, or\nothers.\n(f) Every property and casualty insurer shall file with the commissioner notice of\nadoption before use of any approved form filed by an advisory organization or\nform provider or filed by the insurer pursuant to paragraph (d) of this\nsubsection.\n(2) (a) Every filing required under this sec tion shall be made not less than sixty (60)\ndays in advance of any delivery of the form in this state.\n(b) At the expiration of sixty (60) days, the form so filed shall be deemed\napproved unless prior thereto it has been affirmatively approved or\ndisapproved by order of the commissioner.\n(c) Approval of any filing by the commissioner under this section shall constitute\na waiver of any unexpired portion of the waiting period established under this\nsubsection.\n(d) The commissioner may extend the waiting period established under paragraph\n(a) of this subsection by not more than a thirty (30) day period, within which\ntime he or she may affirmatively approve or disapprove any filing, by giving\nnotice to the insurer of the extension before expiration of the initia l sixty (60)\nday period.\n(e) At the expiration of any period extended under paragraph (d) of this\nsubsection, and in the absence of a prior affirmative approval or disapproval,\nthe filing shall be deemed approved.\n(f) The commissioner may at any time, afte r notice and for cause shown,\nwithdraw approval of any filing.\n(3) (a) Any order of the commissioner disapproving any filing, or any notice of the\ncommissioner withdrawing a previous approval, shall state the grounds\ntherefor and the particulars thereof in  such detail as reasonably to inform the\ninsurer.\n(b) Any withdrawal of a previously approved filing shall be effective not less than\nthirty (30) days after the insurer receives notice of the withdrawal, as the\ncommissioner shall in such notice prescribe.\n(4) Except as provided in subsection (6) of this section, the commissioner may, by\norder, exempt from the requirements of this section, for so long as he or she deems\nproper, any insurance document or form or type thereof, as specified in the\ncommissioner's order, to which, in his or her opinion:\n(a) This section may not practicably be applied; or\n(b) The filing and approval of are not desirable or necessary for the protection of\nthe public.\n(5) Appeals from orders of the commissioner disapproving any filin g or withdrawing a\nprevious approval shall be taken as provided in Subtitle 2 of this chapter.\n(6) The commissioner shall:\n(a) Review every filing relating to a health plan, as defined in KRS 304.17A -591,\nfor compliance with KRS 304.17A-591 to 304.17A-599; and\n(b) Not approve any filing referenced in paragraph (a) of this subsection that does\nnot comply with KRS 304.17-591 to 304.17A-599.\n(7) As used in this section, unless the context requires otherwise:\n(a) \"Advisory organization\" has the same meaning as in KRS 304.13-011; and\n(b) \"Form provider\" has the same meaning as in KRS 304.13-011.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57339","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:43Z","sha256":"f297bd986147fdd5bfb479b06e9e87568372cba3f9991bd49e5245f2a599d37e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.14-110","next":"us-ky/krs-304.14-130"},"notice":"GroundRules: Original legal text. Not legal advice."}