KY HB527

Updates definitions in Kentucky insurance code, including clarifying terms like "commissioner," "department," "certificate of authority," "license," and "licensee" for consistency throughout the chapter

Revises inland marine insurance definitions by adding detailed categories for covered property including imports, exports, domestic shipments, bridges and transportation infrastructure, personal property floaters, and commercial property floaters

Modifies insurance producer licensing requirements by updating designation procedures for business entities, streamlining continuing education requirements, and clarifying nonresident license provisions for agents with limited lines of authority

Requires property insurers covering single-family dwellings to offer optional coverage for upgrading roof structures to meet FORTIFIED Home construction standards when roof replacement claims are filed

Clarifies health insurance utilization review and appeals processes by consolidating "adverse benefit determination" and "coverage denial" definitions, updating internal appeal and external review procedures, and specifying timeframes for decisions