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The Kentucky Public Pensions Authority (KPPA), formerly known as The Kentucky Retirement Systems (KRS), [1] is the administrator of defined-benefit pension and insurance plans for most of Kentucky 's state and county employees and retirees. [2][3][4][5] KPPA oversees Kentucky's three separate retirement systems: Kentucky Employee Retirement System (KERS), County Employee Retirement System ...
Kynect. kynect, formerly and also called the Kentucky Health Benefit Exchange, is the health insurance marketplace, previously known as health insurance exchange, in the U.S. Commonwealth of Kentucky, created by then-Governor Steve Beshear in accordance with the Patient Protection and Affordable Care Act. Steve Beshear's successor as governor ...
Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as authorized and directed ...
Insurance policies must be written by an insurance company that is licensed to do business in the state of Kentucky.
Insurance commissioner. An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state.
KEMI is a mutual insurance company owned by its policyholders. KEMI is financed entirely by premium dollars and investment income. All workers' compensation insurance companies in Kentucky, including KEMI, are regulated by the Kentucky Department of Insurance and the Kentucky Department of Workers' Claims. [citation needed]
Kentucky Central was a small regional life insurance company based in Louisville, Kentucky until 1959 when controlling interest in the company was purchased by Garvice Kincaid, who was also named CEO of KCL until his death. Already one of the most successful businessmen in Kentucky, Kincaid owned interests in radio and television broadcasting ...
The first stock insurance company formed in the United States was the Insurance Company of North America in 1792. [7] Massachusetts enacted the first state law requiring insurance companies to maintain adequate reserves in 1837.