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Senate Bill 214

Actions | Amendments
Last Action to Banking & Insurance (H)
Title AN ACT relating to the Kentucky Employers' Mutual Insurance Authority.
Bill Documents Bill
Bill Request Number 2022
Sponsors R. Stivers II, E. Worley, J. Pendleton
Summary of Original Version Create new sections of KRS 342.801 to 342.843 to require Kentucky Employers' Mutual Insurance to develop a special dividend distribution plan, subject to the approval of the executive director, and declare a special dividend; amend KRS 342.805 to define "executive director"; amend KRS 342.819 to require KEMI to declare an annual dividend.
Index Headings of Original Version Insurance - Kentucky Employer's Mutual Insurance, dividends, requirement for
Labor and Industry - Kentucky Employer's Mutual Insurance, dividends, requirement for
Workers' Compensation - Kentucky Employer's Mutual Insurance, dividends, requirement for
Proposed Amendments Senate Committee Substitute 1
Senate Floor Amendment 1
Votes Vote History

Actions

Top | Amendments
03/04/10
  • introduced in Senate
03/08/10
  • to Economic Development, Tourism & Labor (S)
03/10/10
  • taken from committee
  • 1st reading
  • returned to Economic Development, Tourism & Labor (S)
03/11/10
  • taken from committee
  • 2nd reading
  • returned to Economic Development, Tourism & Labor (S)
03/17/10
  • reported favorably, to Rules with Committee Substitute
  • posted for passage in the Regular Orders of the Day for Wednesday, March 17, 2010
  • passed over and retained in the Orders of the Day
  • floor amendment (1) filed to Committee Substitute
03/18/10
  • 3rd reading, passed 37-0 with Committee Substitute, floor amendment (1)
03/19/10
  • received in House
03/22/10
  • to Banking & Insurance (H)

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
Summary Retain original provisions; make technical changes; delete 1:1 surplus requirement; permit dividend distribution less than 5 percent if approved by executive Director of Office of Insurance; require Ky. Employers' Mutual Insurance Authority (KEMI) to pay cost of hearing if requested.
Index Headings Insurance - Kentucky Employer's Mutual Insurance, dividends, requirement for
Labor and Industry - Kentucky Employer's Mutual Insurance, dividends, requirement for
Workers' Compensation - Kentucky Employer's Mutual Insurance, dividends, requirement for

Amendment Senate Floor Amendment 1
Sponsor R. Stivers II
Summary Retain original provisions of committee substitute except delete reference to the General Assembly and require the report to be filed with the Legislative Research Commission instead of the General Assembly.
Index Headings Insurance - Kentucky Employer's Mutual Insurance, dividends, requirement for
Labor and Industry - Kentucky Employer's Mutual Insurance, dividends, requirement for
Workers' Compensation - Kentucky Employer's Mutual Insurance, dividends, requirement for

Last updated: 8/28/2019 7:34 AM (EDT)