The bill aims to prohibit non-disclosure agreements in settlement cases involving the Associated School Boards of South Dakota Protective Trust Workers Compensation Pool. It introduces a new section to chapter 1-27, which mandates that any settlement agreement made by this entity must adhere to the disclosure requirements outlined in 1-27-1.23. Specifically, the settlement agreement must explicitly state that its terms and amounts are discoverable, unless there is an express exemption under chapter 1-27.

Additionally, the bill stipulates that any provision within a settlement agreement that violates these disclosure requirements, and is entered into after July 1, 2025, will be considered void and unenforceable. This legislation seeks to enhance transparency in settlement agreements related to workers' compensation cases within the specified trust.