Last Action | 04/02/18: signed by Governor (Acts, ch. 54) |
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Title | AN ACT relating to the Kentucky Workers' Compensation Funding Commission. |
Bill Documents |
Current/Final
Introduced |
Fiscal Impact Statements |
Local Mandate
Additional Fiscal Impact Statements Exist |
Bill Request Number | 1245 |
Sponsor | J. Tipton |
Summary of Original Version | Amend KRS 342.0011 to define "deductible program adjustment" and specify items to be considered on policies with provision for deductibles; amend KRS 342.122 to require all assessments to be remitted electronically beginning on January 1, 2020; amend KRS 342.1221 to clarify that interest is paid for late payment of expenses; amend KRS 342.1231 to change the term "taxpayer" to "assessment payer"; set a 7-year limitation from the date of the quarterly premium report or amended quarterly premium report for assessments; require records to be preserved for audits, explain when payment is final, and when a refund should be returned; amend KRS 342.1242 to require KEMI to reimburse for expenses to collect the coal assessment; amend KRS 342.1243 to clarify when assessments for the coal workers' pneumoconiosis fund cease and when the fund is abolished. |
Index Headings of Original Version |
Local Mandate - Workers' Compensation Funding Commission, omnibus provisions Insurance - Workers' Compensation Funding Commission, assessments Labor and Industry - Workers' Compensation Funding Commission, omnibus provisions Workers' Compensation - Workers' Compensation Funding Commission, omnibus provisions |
Jump to Proposed Amendments |
House Committee Substitute 1 with Fiscal Impact Statements Senate Committee Substitute 1 with Fiscal Impact Statements |
Votes | Vote History |
02/16/18 |
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02/21/18 |
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02/23/18 |
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03/01/18 |
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03/02/18 |
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03/05/18 |
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03/06/18 |
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03/07/18 |
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03/08/18 |
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03/13/18 |
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03/14/18 |
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03/15/18 |
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03/20/18 |
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03/21/18 |
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03/22/18 |
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03/27/18 |
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04/02/18 |
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Amendment | House Committee Substitute 1 |
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Fiscal Impact Statement | Local Mandate to House Committee Substitute 1 |
Summary | Retain the original provisions except to add KRS 342.1223 and to remove "nondividend paying" from subsection (2)(b) and in KRS 342.1231(7) change seven years to five years. |
Index Headings |
Insurance - Workers' Compensation Funding Commission, five years for an audit and invest in securities Labor and Industry - Workers' Compensation Funding Commission, five years for an audit and invest in securities Workers' Compensation - Funding Commission, five years for an audit and invest in securities Local Mandate - Workers' Compensation Funding Commission, five years for an audit and invest in securities |
Amendment | Senate Committee Substitute 1 |
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Fiscal Impact Statement | Local Mandate to Senate Committee Substitute 1 |
Summary | Retain original provisions except to amend in KRS 342.0011 the definitions of "premium" and "premiums received" to clarify assessments for deductible policies and to amend KRS 342.1223 to establish that employees of the Workers' Compensation Funding Commission may be exempt from the classified service. |
Index Headings |
Local Mandate - Workers Compensation Funding Commission, unclassified service for employees Labor and Industry - Workers' Compensation Funding Commission, employees in non-classified service Workers' Compensation - Funding Commission, assessments clarified Insurance - Workers' Compensation Funding Commission, assessments clarified State Employees - Workers Compensation Funding Commission, unclassified service for employees |
Last updated: 9/1/2020 2:57 PM (EDT)
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