Loading chat...
GA HB1015
Bill
Status
Engrossed
2/10/2026
Primary Sponsor
William Werkheiser
Click for details
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