HB 524 Kentucky House · 2025 Regular Session

AN ACT relating to the Commonwealth's property and casualty insurance fund and declaring an emergency.

Summary
Amend KRS 56.065, 56.070, 56.095, 56.100, 56.110, 56.120, 56.140, 56.150, 56.160, and 56.180 to rename the state fire and tornado insurance fund to the Commonwealth's property and casualty insurance fund and make technical corrections; to extend the reinsurance requirements for the Commonwealth's property and casualty insurance fund; amend KRS 42.0651 and 164A.577 to conform; EMERGENCY.
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Feb 13, 2025 Signed Mar 31, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced Current/Final · 5 edits
MODERATE
This bill amends Kentucky's property and casualty insurance fund statutes to clarify definitions, update insurance procedures, and modify how state property damage claims are handled. The changes primarily involve technical updates to statute references and formatting, with minor adjustments to insurance fund terminology and coverage procedures.
Scope change
The bill's scope remains focused on the Commonwealth's property and casualty insurance fund, with no significant expansion or reduction in applicability to state agencies or property coverage.
DEFINITION

Updated statute references from KRS 56.065 to 56.180 and clarified the definition of 'Subject of risk' in insurance contexts.

Changed insurance fund terminology from 'Commonwealth's property and casualty insurance fund' to 'state fire and tornado insurance fund' in several sections.

REQUIREMENT

Modified language regarding which state property must be insured against fire and other hazards, with minor formatting adjustments to the cabinet's insurance determination responsibilities.

TECHNICAL

Updated bill identification numbers and formatting throughout the document, changing from BR1278 to HB524/GA designation.

TIMELINE

Adjusted effective date language in insurance fund provisions, though specific dates appear to be placeholders requiring legislative action.

Floor votes · House Mar 6, 2025

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
28
Key actions
8
Committee
7
Mar 31, 2025
Signed into law
signed by Governor (Acts Ch. 136)
lower
Mar 28, 2025
Upper · Passed
enrolled, signed by President of the Senate
upper
Mar 28, 2025
Lower · Passed
enrolled, signed by Speaker of the House
lower
Mar 28, 2025
Lower · Passed
3rd reading, passed 38-0
lower
Mar 27, 2025
Lower · Passed
reported favorably, to Rules
lower
Mar 11, 2025
Committee
to Banking & Insurance (S)
upper
Mar 11, 2025
Upper · Passed
taken from Committee on Committees (S)
upper
Mar 7, 2025
Committee
to Committee on Committees (S)
upper
Mar 6, 2025
Lower · Passed
3rd reading, passed 96-0
lower
Mar 5, 2025
Lower · Passed
reported favorably, to Rules
lower
Feb 21, 2025
Committee
to Banking & Insurance (H)
lower
Feb 13, 2025
Committee
to Committee on Committees (H)
lower
Feb 13, 2025
Introduced
introduced in House
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.