LegalFix
Sign In

304.50-095 Eligibility for membership.

KY Rev Stat § 304.50-095 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

304.50-095 Eligibility for membership. Except for governmental entities, the trustees shall not accept an employer as a member unless the employer has a net worth of at least two (2) times its estimated annual premium, unless the employer pays its full estimated annual premium in advance. The trustees shall not accept an employer as a member unless the employer meets all other qualifications for membership as set forth in the bylaws of the self-insured group. Effective: March 1, 2005 History: Created 2005 Ky. Acts ch. 7, sec. 19, effective March 1, 2005.

Previous Section
304.50-090 Membership -- Indemnity agreement -- Expulsion, nonrenewal, or cancellation of member by group -- Voluntary withdrawal -- Liability on termination of membership, insolvency, or bankruptcy.
Next Section
304.50-100 Dissolution of self-insured program -- Approval of plan by commissioner.