| Last Action | 03/19/26: passed over and retained in the Consent Orders of the Day |
|---|---|
| Title | AN ACT relating to regulatory authorizations by the commissioner of insurance. |
| Bill Documents |
Current
Introduced |
| Fiscal Impact Statements |
Local Mandate
Additional Fiscal Impact Statements Exist |
| Bill Request Number | 1342 |
| Sponsors | M. Meredith, E. Hancock, D. Grossberg |
| Summary of Original Version | Create a new section of KRS Chapter 299 to establish procedures and authorization by the commissioner of insurance for the voluntary dissolution of certain companies transacting the business of insurance upon the cooperative or assessment plan; amend KRS 304.50-010 to prohibit the commissioner from authorizing additional workers' compensation self-insured groups on and after the effective date of the Act; amend KRS 342.350 to conform. |
| Index Headings of Original Version |
Local Mandate - Commissioner, Department of Insurance, regulatory authorizations, assessment or cooperative insurers Cooperatives - Assessment or cooperative insurers, voluntary dissolution Insurance - Assessment or cooperative insurers, voluntary dissolution Insurance - Workers' compensation, self-insured groups, authorization, prohibition Licensing - Commissioner, Department of Insurance, regulatory authorizations State Agencies - Commissioner, Department of Insurance, regulatory authorizations Workers Compensation - Self-insured groups, authorization, prohibition |
| Jump to Proposed Amendments | Senate Committee Substitute 1 with Fiscal Impact Statements |
| Votes | Vote History |
| 01/08/26 |
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|---|---|
| 01/12/26 |
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| 01/14/26 |
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| 01/15/26 |
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| 01/16/26 |
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| 01/20/26 |
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| 01/21/26 |
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| 03/13/26 |
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| 03/17/26 |
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| 03/18/26 |
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| 03/19/26 |
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| Amendment | Senate Committee Substitute 1 |
|---|---|
| Fiscal Impact Statement | Local Mandate to Senate Committee Substitute 1 |
| Summary | Retain original provisions; delay effective date of prohibition on authorization of additional workers' compensation self-insured groups; EFFECTIVE, in part, July 15, 2027. |
| Index Headings |
Licensing - Commissioner, Department of Insurance, regulatory authorizations State Agencies - Commissioner, Department of Insurance, regulatory authorizations Workers Compensation - Self-insured groups, authorization, prohibition Local Mandate - Workers' compensation, self-insured groups, authorization, prohibition Effective Dates, Delayed - Self-insured groups, authorization, prohibition, July 15, 2027 Insurance - Workers' compensation, self-insured groups, authorization, prohibition |
Last updated: 3/19/2026 8:27 PM (EDT)