26RS HB 265

Actions

Last Action	01/08/26: to Committee on Committees (H)
Title	AN ACT relating to regulatory authorizations by the commissioner of insurance.
Bill Documents	Introduced
Bill Request Number	1342
Sponsors	M. Meredith, E. Hancock
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	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