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…

State Agencies Technical Corrections Workers Compensation

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This bill would change how certain workers' compensation self-insurance funds handle a required annual payment, directing that money be kept by member funds and then paid into a shared group fund to cover outstanding workers' compensation claims for 2027 and 2028. It also sets a payment schedule and requires notice to the state Division of Workers' Compensation Funds. The bill did not pass. Who it may affect: employers participating in self-insurance group funds for workers' compensation coverage.

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