Summary of Original Version

Amend KRS 304.3-705 to extend the insurance regulatory sandbox program until December 31, 2030; amend KRS 304.3-735 to extend the commissioner's reporting requirement.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions; create a new section of Subtitle 33 of KRS Chapter 304 to define terms; establish rights and requirements relating to netting agreements and qualified financial contracts in a delinquency proceeding against an insurer; amend KRS 304.33-050, 304.33-170, 304.33-240, 304.33-260, 304.33-290, 304.33-300, 304.33-310, and 304.33-330 to conform.

Summary of Amendment: Senate Committee Amendment 1 -- R. Girdler

Summary Make title amendment.