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SB 214 (BR 2022) - R. Stivers II, E. Worley, J. Pendleton

     AN ACT relating to the Kentucky Employers' Mutual Insurance Authority.
     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.


     SCS - 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.

     SFA (1, R. Stivers II) - 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.

     Mar 4-introduced in Senate
     Mar 8-to Economic Development, Tourism & Labor (S)
     Mar 10-taken from committee; 1st reading; returned to Economic Development, Tourism & Labor (S)
     Mar 11-taken from committee; 2nd reading; returned to Economic Development, Tourism & Labor (S)
     Mar 17-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
     Mar 18-3rd reading, passed 37-0 with Committee Substitute, floor amendment (1)
     Mar 19-received in House
     Mar 22-to Banking & Insurance (H)

Vote History
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