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HB 1015

Self-insurers Guaranty Trust Fund; revise certain funded levels

2025-2026 Regular Session Introduced by Bill Werkheiser

Georgia bill revises self-insured employers' required funding contributions to workers' compensation guaranty trust fund, affecting employer costs and claims protection levels.

Act 386
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Bill Summary · HB 1015

Legislative bill overview

HB 1015 modifies Georgia's Self-Insurers Guaranty Trust Fund by adjusting the funded levels that self-insured employers must maintain. The bill revises the financial reserve requirements that self-insuring entities are obligated to contribute to this protective fund, which ensures workers' compensation claims are paid if a self-insured employer becomes insolvent.

Why is this important

The Guaranty Trust Fund serves as a safety net for workers whose employers self-insure workers' compensation rather than purchasing traditional insurance. Changes to funding requirements directly affect how much employers must set aside in reserves, which impacts both employer costs and the fund's ability to cover claims during economic downturns or employer bankruptcies. This affects tens of thousands of Georgia workers and hundreds of self-insured businesses.

Potential points of contention

  • Employer burden vs. worker protection: Lowering funding requirements reduces costs for self-insured employers but may weaken the fund's cushion to pay workers' claims if self-insured companies fail.
  • Adequacy of reserves: The bill's specific funding level adjustments may be insufficient to cover worst-case scenarios, particularly during recessions when multiple employers might default simultaneously.
  • Competitiveness concerns: Changes could affect whether Georgia remains competitive for attracting or retaining large, self-insuring employers compared to other states with different requirements.

Compiled from official sources — confirm details with the bill’s official record.

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