AN ACT relating to insurance.

2026 Regular Session Introduced by Jared Carpenter

Requires immediate notification to the Kentucky insurance commissioner when a liability self-insurance group changes filed information or its method of compliance.

to Committee on Committees (S)

#insurance #stateagencies #technicalcorrections

Bill Summary — SB 273 (2026RS) — Kentucky

Main purpose

SB 273 is an insurance-related bill that modifies requirements for liability self-insurance groups operating in Kentucky. The core change is a formalized obligation for these groups to immediately notify the Kentucky insurance commissioner (or executive director) of certain changes to information or changes in compliance methods that are filed under existing statutes.

Key provisions and changes

Amends KRS 304.48-080 to require:

A liability self-insurance group to notify the commissioner immediately if there is:
Any change in the information that the group is required to file under KRS 304.48-050.
Any change in the manner by which the group complies with KRS 304.48-070.

This amendment tightens the reporting timeline, ensuring timely communication to the regulator about changes to disclosure requirements or compliance methods.

Who/what is affected

Liability self-insurance groups in Kentucky that operate under the regulatory framework found in KRS Chapter 304 (Insurance Code), specifically those subject to the self-insurance provisions in KRS 304.48.

The Kentucky Department of Insurance (the “commissioner” or “executive director”) responsible for overseeing self-insurance groups and enforcing filings and compliance.

Procedural and timeline aspects

The bill codifies an immediate notification obligation to the commissioner when:

There is a change to information the group must file under KRS 304.48-050.
There is a change in how the group complies with KRS 304.48-070.

The phrase “immediately notify” indicates a stricter, prompt reporting requirement beyond any standard periodic filings, though the bill text does not prescribe a specific number of days beyond “immediately.”

The action history indicates the bill was introduced in the Senate on 2026-02-26 and referred to the Committee on Committees.

Potential impact

Increased regulatory transparency and faster regulator awareness of changes within liability self-insurance groups.

Potential administrative burden on self-insurance groups to monitor and report changes promptly.

Aims to enhance regulatory oversight and ensure that the commissioner has up-to-date information for risk assessment and enforcement purposes.

Notes

The summary focuses on the exact change: immediate notification to the commissioner of changes to filed information or to the method of compliance.

No other substantive edits to existing provisions or broader changes to premiums, funding, or coverage requirements are indicated in the provided text.