6.237 Group life and group hospitalization insurance for members of General
287 words·~1 min read·
/ky/6-237A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Assembly.
(1)The secretary of the Finance and Administration Cabinet, upon the recommendation
of the director of the Legislative Research Commission shall procure from one
or more life insurance companies, and from one
(1)or more hospitalization
insurance companies, authorized to do business in this state, a policy or policies of
group life insurance insuring the lives of all members of the General Assembly and
shall procure a policy or policies of group hospitalization insurance covering all
members of the General Assembly. The policy or policies shall be approved by the
commissioner of the Department of Insurance and may contain such provisions as
he approves whether or not otherwise permitted by the insurance laws.
(a)The premiums shall be paid by the state for individual policies for members of
the General Assembly. The premiums for family policies shall be paid by
funds contributed partly from the policyholder and partly from the state.
(b)No payment of premium by the state shall constitute compensation to an
insured employee for the purposes of any statute fixing or limiting the
compensation of such an employee; any premium or other expense incurred by
the state shall be considered a proper cost of administration.
(3)The policy or policies may also provide accidental death and dismemberment
insurance and may contain such provisions with respect to the amounts of insurance
for members of the General Assembly, terms of eligibility, continuation of
insurance after retirement, and such other provisions as the commissioner of the
Department of Insurance may approve.
(4)The secretary of the Finance and Administration Cabinet is authorized to perform
all acts necessary or advisable for the purpose of contracting for and maintaining
insurance under the provisions of this section.