{"data":{"id":"us-ky/krs-161.212","jurisdiction":"us-ky","citation":"KRS 161.212","heading":"Educators Employment Liability Insurance Program -- Fund.","body":"(1) The Educators Employment Liability Insurance Program is hereby established in\nthe Kentucky Department of Education for the purpose of providing educators\nemployment liability insur ance to protect all certified employees of Kentucky\npublic schools from liability for judgments or settlements that are in excess of the\ncoverage provided in KRS 160.105.\n(2) Not later than July 1, 2024, the department shall contract with an insurance agen cy,\nbroker, or company to provide excess liability coverage to the coverage required in\nKRS 160.105 for an additional amount of not less than one million dollars\n($1,000,000) per occurrence and three million dollars ($3,000,000) aggregate for\neach certifie d employee, which shall be inclusive of legal fees. The department\nshall notify each certified employee that the coverage has been provided.\n(3) If the certified educators' association with the largest number of members in the\nCommonwealth provides greater , more comprehensive coverage than the amounts\nprovided in subsection (2) of this section, then the coverage provided by the\nprogram in subsection (2) shall be at least equivalent to that amount.\n(4) The purchase of liability insurance under this section s hall not constitute a waiver\nof any immunity or defense the insured may now or in the future assert under state\nor federal law, regulation, or rule.\n(5) The Kentucky Board of Education shall promulgate administrative regulations in\naccordance with KRS Chap ter 13A to implement the insurance program under this\nsection.\n(6) (a) The Educators Employment Liability Insurance Program fund is hereby\ncreated as a trust and agency account fund in the State Treasury to be\nadministered by the Kentucky Department of Edu cation for the purpose of\nproviding educators' employment liability insurance to certified employees as\ndescribed in this section.\n(b) The fund shall consist of general fund appropriations, gifts and grants from\npublic and private sources, and federal funds. All moneys included in the fund\nshall be appropriated for the purposes set forth in this section.\n(c) Any unalloted or unencumbered balances in the fund shall be invested as\nprovided in KRS 42.500(9). Income earned from the investments shall be\ncredited to the fund.\n(d) Notwithstanding KRS 45.229, any fund balance at the close of the fiscal year\nshall not lapse but shall be carried forward to the next fiscal year and\ncontinuously appropriated only for the purposes specified in this section.","path":["KRS Chapter 161"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=53956","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:10Z","sha256":"43367c731bbe8b9870180ee34cf3f8758996ef2952731a9d30daa4ae52698748","source_id":"us-ky","stale":false,"prev":"us-ky/krs-161.210","next":"us-ky/krs-161.220"},"notice":"GroundRules: Original legal text. Not legal advice."}