Last Updated July 23, 2012
Enactments through the 2012 Extraordinary Session
This page was produced on 7/24/2012 at 8:50:04 AM
Terms & Conditions
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KRS Chapter 304.50
Terms & Conditions
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.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.