Subtitle 304.50 - Workers' Compensation Self-Insured Groups

Subtitle 304.50 - Workers' Compensation Self-Insured Groups

304.50-005 Purpose of subtitle.
304.50-010 Qualification as workers' compensation self-insured group -- Power to contract, sue, and be sued -- Commissioner to promulgate administrative regulations -- Governor may assign regulatory authority -- Limitation on application of KRS Chapter 304.
304.50-015 Definitions for subtitle.
304.50-020 Scope of subtitle -- Deadline for compliance -- Extensions.
304.50-025 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.
304.50-030 Application for certification -- Filing fee -- Contents -- Premiums -- Deadline.
304.50-035 Certificate of filing of self-insured group -- Conditions for issuance.
304.50-040 Termination, suspension, or revocation of certificate -- Merger of workers' compensation self-insured groups.
304.50-045 Initial and continuing financial solvency requirements.
304.50-050 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.
304.50-055 Plans for premium payment, assessments, and dividends -- Approval by commissioner -- Investments -- Financing of payments by governmental entities.
304.50-060 Annual reports -- Organizational documents -- Proof of excess insurance coverage -- Statement of financial condition.
304.50-065 Notification of change in information.
304.50-070 Agent of workers' compensation self-insured group -- License required -- Appointment of agent optional.
304.50-075 Examination of financial condition, affairs, and management by commissioner.
304.50-080 Appointment of Secretary of State as attorney to receive legal process.
304.50-085 Operation of group by board of trustees -- Powers and duties -- Prohibited acts -- Power to contract, sue, and be sued -- Contracts for administration of group.
304.50-090 Membership -- Indemnity agreement -- Expulsion, nonrenewal, or cancellation of member by group -- Voluntary withdrawal -- Liability on termination of membership, insolvency, or bankruptcy.
304.50-095 Eligibility for membership.
304.50-100 Dissolution of self-insured program -- Approval of plan by commissioner.
304.50-105 Conflict-of-interest policy.
304.50-110 Statement of financial condition -- Contents.
304.50-115 Filing of rates, supplementary rating information, and coverage forms -- Grounds for disapproval -- Filing fee -- Public inspection of filings.
304.50-120 Aggregate excess insurance -- Standards for waiver and exemption -- Administrative regulations -- Eligibility to write excess liability coverage for group.
304.50-125 Discounting authorized -- Requirements -- Approval by commissioner.
304.50-130 Members to receive evidences of coverage -- Contents.
304.50-135 Procedure upon decrease in fund balance below minimum -- Failure to remedy deficit -- Delinquency proceedings -- Bulk reinsurance.
304.50-140 Suspension or revocation of certificate of filing -- Civil penalty -- Hearing and appeal -- Notification requirements and exceptions.
304.50-145 Actions not required by subtitle or administrative regulations.
304.50-150 Unfair business practices prohibited -- Responses to inquiries from commissioner within 15 days.
304.50-155 Statutes applicable to group self-insurance funds.
304.50-160 Annual report of commissioner.

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