# Kentucky HB 524: AN ACT relating to the Commonwealth's property and casualty insurance fund and declaring an emergency. Kentucky HB 524, AN ACT relating to the Commonwealth's property and casualty insurance fund and declaring an emergency., is a 2025 Regular Session House bill sponsored by Aaron Thompson (Republican); status signed, last action 2025-03-31 (signed by Governor (Acts Ch. 136)) (as of 2026-10-17). - Canonical: https://policyrisk.com/state-bill/KY-HB524-2025RS - As of: 2026-10-17 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Kentucky HB 524 - State: Kentucky - Session: 2025 Regular Session - Title: AN ACT relating to the Commonwealth's property and casualty insurance fund and declaring an emergency. - Status: signed - Chamber: House - Introduced: 2025-02-13 - Last action: 2025-03-31, signed by Governor (Acts Ch. 136) - Sponsor: Aaron Thompson (Republican) - Cosponsors: 2 - Subjects: Disasters, Effective Dates, Emergency, Insurance, Property, State Agencies, Technical Corrections - Touches household money: no - Roll calls: 2 (134 yes, 0 no in all) - Economic provisions PRIA read: 2 ## Summary No summary available. ## Bill overview: provisions PRIA read - Kentucky moves excess insurance reserves into budget: mixed, low. Kentucky transfers excess state insurance reserves to its General Fund at each fiscal year-end. Through June 30, 2030, only fund money and securities above $100 million transfer. Beginning July 1, 2030, the threshold drops to $10 million. These transfers add money to the general state budget while… - Kentucky sets limits on state property insurance: mixed, low. Kentucky renames its fire and tornado insurance fund the Commonwealth's property and casualty insurance fund. State purchasing rules apply to Cabinet insurance contracts, with the exception in KRS 45A.022. Through June 30, 2030, the fund cannot charge premiums on property risks valued above $10 mil… ## Sponsors and cosponsors - Sponsor: Aaron Thompson (Republican), House - Cosponsor: David Hale (Republican), House - Cosponsor: Michael Meredith (Republican), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-03-28 | Senate | 3rd reading, passed | pass | 38 | 0 | | | 2025-03-06 | House | 3rd reading, passed | pass | 96 | 0 | | ## Actions (28) - 2025-03-31: signed by Governor (Acts Ch. 136) - 2025-03-28: delivered to Governor - 2025-03-28: enrolled, signed by President of the Senate (House) - 2025-03-28: enrolled, signed by Speaker of the House (House) - 2025-03-28: received in House (House) - 2025-03-28: 3rd reading, passed 38-0 (Senate) - 2025-03-28: posted for passage in the Regular Orders of the Day for Friday, March 28, 2025 (Senate) - 2025-03-27: reported favorably, to Rules (Senate) - 2025-03-13: returned to Banking & Insurance (S) (Senate) - 2025-03-13: 2nd reading (Senate) - 2025-03-13: taken from Banking & Insurance (S) (Senate) - 2025-03-11: to Banking & Insurance (S) (Senate) - 2025-03-11: 1st reading (Senate) - 2025-03-11: taken from Committee on Committees (S) (Senate) - 2025-03-07: to Committee on Committees (S) (Senate) - 2025-03-07: received in Senate (Senate) - 2025-03-06: 3rd reading, passed 96-0 (House) - 2025-03-05: posted for passage in the Regular Orders of the Day for Thursday, March 06, 2025 (House) - 2025-03-05: reported favorably, to Rules (House) - 2025-03-04: returned to Banking & Insurance (H) (House) - 2025-03-04: 2nd reading (House) - 2025-03-04: taken from Banking & Insurance (H) (House) - 2025-02-28: returned to Banking & Insurance (H) (House) - 2025-02-28: 1st reading (House) - 2025-02-28: taken from Banking & Insurance (H) (House) - 2025-02-21: to Banking & Insurance (H) (House) - 2025-02-13: to Committee on Committees (H) (House) - 2025-02-13: introduced in House (House) ## Bill text - Current, 2025-03-06: [PDF](https://apps.legislature.ky.gov/recorddocuments/bill/25RS/hb524/bill.pdf) - Introduced, 2025-03-06: [PDF](https://apps.legislature.ky.gov/recorddocuments/bill/25RS/hb524/orig_bill.pdf) ## Related bills - HB 501: AN ACT relating to pharmaceutical drugs. (became law) - HB 664: AN ACT relating to the operation of a motor vehicle and declaring an emergency. (signed) - HB 606: AN ACT relating to economic development. (signed) - HB 421: AN ACT relating to colorectal cancer screenings. (signed) - HB 555: AN ACT relating to local government financial practices. (signed) - HB 493: AN ACT relating to the towing and storage of motor vehicles. (signed) ## Sources - [Current (PDF)](https://apps.legislature.ky.gov/recorddocuments/bill/25RS/hb524/bill.pdf) - [Introduced (PDF)](https://apps.legislature.ky.gov/recorddocuments/bill/25RS/hb524/orig_bill.pdf) ## Related - [HB 501: AN ACT relating to pharmaceutical drugs.](https://policyrisk.com/state-bill/KY-HB501-2025RS) - [HB 664: AN ACT relating to the operation of a motor vehicle and declaring an emergency.](https://policyrisk.com/state-bill/KY-HB664-2025RS) - [HB 606: AN ACT relating to economic development.](https://policyrisk.com/state-bill/KY-HB606-2025RS) - [HB 421: AN ACT relating to colorectal cancer screenings.](https://policyrisk.com/state-bill/KY-HB421-2025RS) - [HB 555: AN ACT relating to local government financial practices.](https://policyrisk.com/state-bill/KY-HB555-2025RS) - [HB 493: AN ACT relating to the towing and storage of motor vehicles.](https://policyrisk.com/state-bill/KY-HB493-2025RS) - [Kentucky bills](https://policyrisk.com/states/kentucky/bills) - [Kentucky state hub](https://policyrisk.com/states/kentucky) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/KY-HB524-2025RS (as of 2026-10-17).