On Monday, March 18, 2019, the Kentucky Department of Insurance and Kentucky Employers’ Mutual Insurance received authorization from Franklin Circuit Court to disburse $5 million to 194 members of the Kentucky School Boards Insurance Trust Fund. KSBIT members include numerous county boards of education, colleges, and cooperatives throughout the Commonwealth. A recent actuarial study confirmed that KEMI’s claims administration substantially reduced liabilities, resulting in approximately $5 million in savings to the assessed KSBIT members. KSBIT will disburse the funds through a pro rate distribution, beginning April 2019.