AN ACT relating to property and casualty insurance.

Amend KRS 304.47-010 to modify the definition of "statement"; make technical amendments; amend KRS 304.47-020 to establish that statements that misrepresent the scope of damages associated with a property, casualty, or property and casualty insurance claim are fraudulent insurance acts; make technical amendments.

Introduced: January 7, 2025

Last action: March 18, 2025

(Acts Ch.25)

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This bill updates Kentucky's insurance fraud law to clarify that making false statements about the extent of property or casualty insurance damages counts as a fraudulent act. It also updates the legal definition of "statement" used in that law and makes technical corrections to existing language. Who it may affect: property and casualty insurance policyholders and insurance companies operating in Kentucky.

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