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Kentucky Revised Statutes

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Statutes Last Updated July 23, 2012

Includes Enactments through the 2012 Extraordinary Session
This page was produced on 7/24/2012 at 8:50:04 AM

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KRS Chapter 304.50

  • .005   Purpose of subtitle.

  • .010   Qualification as workers' compensation self-insured group -- Commissioner to promulgate administrative regulations -- Governor may assign regulatory authority -- Limitation on application of KRS Chapter 304.

  • .015   Definitions for subtitle.

  • .020   Scope of subtitle -- Deadline for compliance -- Extensions.

  • .025   Certification by commissioner required to issue binder or certificate of insurance for workers' compensation coverage -- Certificates of filing issued by Department of Workers' Claims remain in effect unless revoked or suspended.

  • .030   Application for certification -- Filing fee -- Contents -- Premiums -- Deadline.

  • .035   Certificate of filing of self-insured group -- Conditions for issuance.

  • .040   Termination, suspension, or revocation of certificate -- Merger of workers' compensation self-insured groups.

  • .045   Initial and continuing financial solvency requirements.

  • .050   Security deposits -- Dividends on and exchange of assets -- Collection by commissioner -- Release -- Commissioner to approve custodian bank or trust company for security deposits -- Qualifications for approval.

  • .055   Plans for premium payment, assessments, and dividends -- Approval by commissioner -- Investments.

  • .060   Annual reports -- Organizational documents -- Proof of excess insurance coverage -- Statement of financial condition.

  • .065   Notification of change in information.

  • .070   Agent of workers' compensation self-insured group -- License required -- Appointment of agent optional.

  • .075   Examination of financial condition, affairs, and management by commissioner.

  • .080   Appointment of Secretary of State as attorney to receive legal process.

  • .085   Operation of group by board of trustees -- Powers and duties -- Prohibited acts -- Contracts for administration of group.

  • .090   Membership -- Indemnity agreement -- Expulsion, nonrenewal, or cancellation of member by group -- Voluntary withdrawal -- Liability on termination of membership, insolvency, or bankruptcy.

  • .095   Eligibility for membership.

  • .100   Dissolution of self-insured program -- Approval of plan by commissioner.

  • .105   Conflict-of-interest policy.

  • .110   Statement of financial condition -- Contents.

  • .115   Filing of rates, supplementary rating information, and coverage forms -- Grounds for disapproval -- Filing fee -- Public inspection of filings.

  • .120   Aggregate excess insurance -- Standards for waiver and exemption -- Administrative regulations -- Eligibility to write excess liability coverage for group.

  • .125   Discounting authorized -- Requirements -- Approval by commissioner.

  • .130   Members to receive evidences of coverage -- Contents.

  • .135   Procedure upon decrease in fund balance below minimum -- Failure to remedy deficit -- Delinquency proceedings -- Bulk reinsurance.

  • .140   Suspension or revocation of certificate of filing -- Civil penalty -- Hearing and appeal -- Notification requirements and exceptions.

  • .145   Actions not required by subtitle or administrative regulations.

  • .150   Unfair business practices prohibited -- Responses to inquiries from commissioner within 15 days.

  • .155   Statutes applicable to group self-insurance funds.  

  • .160   Annual report of commissioner.

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