KY HB627

Increases the maximum funeral, cremation, and burial expense coverage under basic reparation benefits from $1,000 to $5,000 per person

Raises the weekly cap on basic reparation benefits for work loss, survivor's economic loss, and replacement services loss from $200 to $500

Requires medical expense payments under motor vehicle reparation insurance to follow the workers' compensation fee schedule established under KRS 342.035, with exceptions for hospital care and emergency services

Grants the Attorney General concurrent jurisdiction with Commonwealth's attorneys and county attorneys to investigate and prosecute insurance fraud offenses

Mandates the Insurance Commissioner publish an annual insurance fraud report on the department's website detailing the number of fraud reports received, cases referred for prosecution, and prosecution outcomes