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KY SB357
Bill
AI Summary
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Amends KRS 342.908 to redirect annual special fund assessments from member funds of the Kentucky group self-insurance fund to the group fund for calendar years 2027 and 2028
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Requires member funds to pay their annual special fund assessment amounts to the group fund instead of the Division of Workers' Compensation Funds, specifically to satisfy outstanding workers' compensation claims
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Applies to members or former members of the Kentucky group self-insurance fund assessed on or after January 1, 2026, for liabilities incurred during their membership
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Member funds must follow the existing payment schedule under KRS 342.122(2)(a) and (b) and notify the division of assessments paid
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Temporary measure that expires after December 31, 2028, after which normal special fund assessment procedures resume
Legislative Description
AN ACT relating to self-insurance guaranty funds.
State Agencies
Last Action
WITHDRAWN
3/10/2026