Bill > SB256

This bill proposes a minor technical amendment to Kentucky Revised Statutes (KRS) 304.48-080, which relates to liability self-insurance groups. Specifically, the bill changes a single reference in the statute, replacing the term "executive director" with "commissioner" when describing who should be notified about changes in a liability self-insurance group's information or compliance status. A liability self-insurance group is a type of insurance arrangement where similar businesses or organizations band together to provide collective insurance coverage for themselves. The change appears to be primarily administrative, ensuring that the terminology used in the statute is consistent and up-to-date. The amendment does not substantively alter the underlying legal requirement that such groups must immediately notify the relevant state official of any significant changes in their operational details or regulatory compliance.

Business and Industry

https://apps.legislature.ky.gov/record/25RS/sb256.html