House Bill No. 7046, also known as Public Act No. 25-135, revises the Second Injury Fund by updating definitions and assessment methods for employers. Key insertions include the definition of "tortfeasor," which refers to a third party liable for an employee's injury, and the term "actual recoveries" from tortfeasors, replacing the previous reference to "third party" tortfeasors. The bill also clarifies the assessment methods for self-insured and insured employers, specifying that no credits shall be taken against paid losses except for certain reimbursements and voided checks.

Additionally, the bill repeals subsections (a) and (b) of section 31-349g of the general statutes and substitutes new language that outlines the definitions of various employer types, including "insured employer," "self-insured employer," and "self-insurance group." The assessment for self-insured employers will be based on paid losses, while insured employers will be assessed based on standard premiums for older policies and the Second Injury Fund surcharge base for newer policies. The State Treasurer, in consultation with the Insurance Commissioner, is authorized to adopt regulations regarding the assessment method, considering the impact on the cost of doing business and the overall workers' compensation system.