This bill establishes new regulations regarding settlement agreements involving the Associated School Boards of South Dakota Protective Trust Workers Compensation Pool. It mandates that such agreements must adhere to the same disclosure requirements as outlined in existing law (1-27-1.23). Specifically, the settlement agreements must explicitly state that their terms and amounts are discoverable, unless they fall under specific exemptions provided in chapter 1-27.

Furthermore, the bill stipulates that any settlement agreement made by the Associated School Boards of South Dakota Protective Trust Workers Compensation Pool after July 1, 2025, that does not comply with these new disclosure requirements will be considered void and unenforceable. This legislation aims to enhance transparency in settlement cases related to workers' compensation within the specified trust.