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Committee advances bill raising cap on self-insurers’ guarantee fund and clarifying assessment authority
Summary
The committee unanimously approved House Bill 1015 to raise the statutory cap on the Georgia Self Insurers Guarantee Trust Fund and adjust assessment thresholds; fund representatives said the pool is a last-resort safety net for employee workers’ compensation benefits.
The Senate Committee on Insurance and Labor voted unanimously to pass House Bill 1015 (LC520978), a proposal sponsors and fund representatives said would raise the statutory cap on the Georgia Self Insurers Guarantee Trust Fund and clarify the board’s authority to assess members if reserves fall.
Senator Kirkpatrick presented the bill on behalf of Representative Werkheiser,…
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