AN ACT relating to insurance for loss of income and declaring an emergency.

Amend KRS 304.3-110 to authorize life and health insurers to transact disability income and paid family leave insurance; make technical corrections; create new sections of Subtitle 5 of KRS Chapter 304 to define "disability income insurance" and "paid family leave insurance" and specify how each is to be classified and filed; amend KRS 304.9-030 to include paid family leave insurance in life and health lines of authority; establish Subtitle 53 of KRS Chapter 304 and create new sections thereof to regulate paid family leave insurance; establish paid family leave insurance requirements, authorized scope of benefits, disclosure requirements, and authorized limitations; authorize the insurance commissioner to promulgate administrative regulations to enforce Subtitle 53 of KRS Chapter 304; create short title; amend KRS 304.17A-005, 304.18-010, and 304.36-030 to conform; EMERGENCY.