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Banking and Insurance panel adopts substitute for bill to reimburse contractors for fortified-roof certifications and clarifies licensing language
Summary
The House Banking and Insurance Committee adopted a substitute and reported House Bill 5 27 favorably to the House floor; sponsors and the Department of Insurance said the bill funds contractor reimbursements for fortified-roof certifications and updates licensing language, and the Strengthen Kentucky Homes grant program will open March 1.
The House Banking and Insurance Committee on Feb. 20 adopted a committee substitute to House Bill 5 27 and reported the bill favorably to the House floor.
Representative Michael Pollock, sponsor, said the substitute removes language that would have repealed a workers’ compensation deductible range and adds a one-time reimbursement program for contractors to cover costs associated with fortified roofing contract certifications. “It requires, basically, a one-time financial grants of up to $15,000 in aggregate to approve contractors to reimburse the contractors for the cost of fortified roofing contract certifications,” Pollock said.
Commissioner Sharon Clark of the Department of Insurance described the bill as a “cleanup bill” and urged members to notify constituents that the Strengthen Kentucky Homes grant program goes live March 1. “If you all have constituents who might be interested in applying for up to $10,000 in grants for their roofs, let them know about it,” Clark said. She also told the committee the department has identified unlicensed pharmacy benefit managers doing business in Kentucky and that the bill updates licensing language so insurers can be held accountable when they deal with unlicensed entities.
Members adopted the substitute and a title amendment adding an emergency clause before voting to report the bill with a favorable recommendation. Chair Meredith said the committee’s action means the bill will move to the House calendar for further consideration.
The bill’s sponsors and the Department of Insurance characterized the measure as technical and consumer-facing: reimburse contractors for certification costs tied to a fortification grant program and align statutory licensing terms with enforcement tools. The committee did not adopt substantive new restrictions beyond the substitute and title amendment. The committee recorded its favorable report; the bill is scheduled to be considered on the House floor next.
