Establishes a jockey health insurance reserve fund for unpaid premiums and outlines the return of funds if the reserve fund is no longer needed.
The bill amends the racing, pari-mutuel wagering, and breeding law to create a jockey health insurance reserve fund. This fund is intended to cover premiums not yet paid. If the fund is no longer necessary, the remaining funds will be returned on a pro rata basis to the contributing corporations or associations. These returned funds can then be used to enhance purses at the respective tracks. The fund is to be managed by a franchised corporation as part of a program to purchase health insurance for eligible jockeys.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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