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Kentucky Revised Statutes Title VI. Financial Administration § 45A.022.Application of chapter to insurance contracts

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) This chapter shall apply to all insurance contracts purchased by the Commonwealth, except where the commissioner of insurance determines, with the concurrence of the secretary of Finance and Administration Cabinet, that:

(a) An emergency exists;

(b) Competition is not feasible; or

(c) The annual premium is less than ten thousand dollars ($10,000).

(2) Notwithstanding subsection (1) of this section, the health insurance contract or contracts for state employees as authorized by KRS 18A. 225 shall be subject to the provisions of KRS 45A.080, 45A.085 and 45A.090.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title VI. Financial Administration § 45A.022.Application of chapter to insurance contracts - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-vi-financial-administration/ky-rev-st-sect-45a-022/

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