AN ACT relating to self-insurance guaranty funds.

Amend KRS 342.908, relating to self-insurance guaranty funds, to define terms; require the amount of the annual special fund assessment imposed upon a member to be retained by the member fund and paid to the credit of the group fund for the purpose of satisfying the group fund's outstanding workers' compensation claims for calendar years beginning January 1, 2027, and January 1, 2028; require the member fund to pay the amounts of its annual special…

Introduced: March 2, 2026

Last action: March 10, 2026

Withdrawn

Read the full text Kentucky Legislature LegiScan

AI-generated — always verify with primary sources

Plain-language summary

Beta

This bill would change how certain workers' compensation group funds handle required annual payments, directing that money from special assessments be kept by member funds and then paid to the broader group fund to cover outstanding workers' compensation claims during 2027 and 2028. It also sets a specific payment schedule for those transfers and requires notice to be given to the state Division of Workers' Compensation Funds. Who it may affect: employers participating in self-insurance workers' compensation group funds and workers with pending workers' compensation claims covered by those funds.

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