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HB 554 KY
Became Law

AN ACT relating to insurance coverage of state property.

KY · session 2024RS · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Feb 14, 2024

Latest action (Apr 4, 2024) signed by Governor (Acts Ch. 50)

Summary

Create a new section of KRS 164A.555 to 164A.630 to permit governing boards of public supported postsecondary educational institutions to elect to terminate the institution's coverage through the state fire and tornado insurance fund and obtain the coverage from an authorized insurer or through a self-insurance pool; establish requirements for terminating and resuming coverage through the state fire and tornado insurance fund; establish requirements for insurance obtained by an institution from an authorized insurer or a self-insurance pool; amend KRS 164A.575 to conform.

Sponsor (1)

Action history (23)

  1. Feb 14, 2024 introduced in House · lower
  2. Feb 14, 2024 to Committee on Committees (H) · lower
  3. Feb 16, 2024 to Banking & Insurance (H) · lower
  4. Feb 21, 2024 reported favorably, 1st reading, to Calendar · lower
  5. Feb 22, 2024 2nd reading, to Rules · lower
  6. Feb 22, 2024 posted for passage in the Regular Orders of the Day for Friday, February 23, 2024 · lower
  7. Feb 27, 2024 3rd reading, passed 96-0 · lower
  8. Feb 28, 2024 received in Senate · upper
  9. Feb 28, 2024 to Committee on Committees (S) · upper
  10. Mar 8, 2024 to Banking & Insurance (S) · upper
  11. Mar 21, 2024 reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1) · lower
  12. Mar 22, 2024 2nd reading, to Rules as a consent bill · lower
  13. Mar 25, 2024 posted for passage in the Consent Orders of the Day for Tuesday, March 26, 2024 · lower
  14. Mar 26, 2024 3rd reading, passed 38-0 with Committee Substitute (1) · lower
  15. Mar 26, 2024 received in House · lower
  16. Mar 26, 2024 to Rules (H) · lower
  17. Mar 27, 2024 posted for passage for concurrence in Senate Committee Substitute (1) · lower
  18. Mar 27, 2024 House concurred in Senate Committee Substitute (1) · lower
  19. Mar 27, 2024 passed 92-0 · lower
  20. Mar 27, 2024 enrolled, signed by Speaker of the House · lower
  21. Mar 28, 2024 enrolled, signed by President of the Senate · upper
  22. Mar 28, 2024 delivered to Governor · lower
  23. Apr 4, 2024 signed by Governor (Acts Ch. 50) · lower
Subjects
Education, HigherInsurancePropertyState Agencies

Text versions (3)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Acts Chapter 50 · PDF
  • Current/Final · PDF
  • Introduced · PDF

Full text

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