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GA HB1015

Bill

Status

Engrossed

2/10/2026

Primary Sponsor

William Werkheiser

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Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Increases the funded level threshold at which annual assessments cease for Georgia's Self-insurers Guaranty Trust Fund from $15 million to $25 million net of all liabilities

  • Raises the minimum fund balance trigger for special assessments from $5 million to $10 million net of all liabilities

  • Maintains existing assessment structure: $8,000 for first-year participants, 1.5% of prior year benefits (minimum $2,000, maximum $8,000) for subsequent years

  • Applies to workers' compensation self-insurers who have paid at least three prior assessments

Legislative Description

Self-insurers Guaranty Trust Fund; revise certain funded levels

Last Action

Senate Read and Referred

2/11/2026

Committee Referrals

Insurance and Labor2/11/2026
Industry and Labor1/28/2026

Full Bill Text

No bill text available