KRS 187.600: Self-insurance.

(1) Any person in whose name more than twenty-five (25) motor vehicles are registered

may qualify as a self -insurer by obtaining a certificate of self -insurance issued by

the cabinet as provided in subsection (2) of this section.

(2) The cabinet may, in its di scretion, upon the application of such a person, issue a

certificate of self-insurance when it is satisfied that the person is possessed and will

continue to be possessed of ability to pay judgments obtained against the person.

(3) The cabinet may upon rea sonable grounds cancel a certificate of self -insurance

subject to the certificate holder being afforded the opportunity for a hearing to be

conducted in accordance with KRS Chapter 13B. Failure to pay any judgment

within thirty (30) days after the judgment becomes final constitutes a reasonable

ground for the cancellation of a certificate of self-insurance.