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KY SB357

Bill

Status

Failed

3/10/2026

Primary Sponsor

Jason Howell

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • Member funds must follow the existing payment schedule under KRS 342.122(2)(a) and (b) and notify the division of assessments paid

  • 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WITHDRAWN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

Committee Referrals

Committee on Committees3/2/2026

Full Bill Text

No bill text available