AN ACT relating to the Commonwealth's property and casualty insurance fund and declaring an emergency.

Amend KRS 56.065, 56.070, 56.095, 56.100, 56.110, 56.120, 56.140, 56.150, 56.160, and 56.180 to rename the state fire and tornado insurance fund to the Commonwealth's property and casualty insurance fund and make technical corrections; to extend the reinsurance requirements for the Commonwealth's property and casualty insurance fund; amend KRS 42.0651 and 164A.577 to conform; EMERGENCY.

Disasters Effective Dates, Emergency Insurance Property State Agencies Technical Corrections

In effect since March 31, 2025

This act carries an emergency clause, so it took effect as soon as it became law instead of waiting the usual 90 days after the session adjourned (Ky. Constitution § 55).

Read the full text Kentucky Legislature LegiScan

AI-generated. Always verify with primary sources

Plain-language summary

Beta

This bill renames Kentucky's existing state fire and tornado insurance fund to the Commonwealth's property and casualty insurance fund and extends the fund's reinsurance requirements. It also makes technical corrections to related state laws. The emergency designation means it takes effect immediately upon becoming law. Who it may affect: state agencies and public institutions that rely on the fund for property and casualty insurance coverage.

Open official bill text (PDF)·Report a problem with the summary