KRS 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. (Effective until July 15, 2027)

(1) The commissioner may authorize twenty (20) or more employers with common

interests or membership in a bona fide trade association, or two (2) or more

governmental entities, to enter into agreements to pool their l iabilities under KRS

Chapter 342 for the purpose of qualifying as a workers' compensation self -insured

group under this subtitle and KRS 342.350. Any heterogeneous self -insured group

so authorized may contract and may sue and be sued in the name adopted by the

group.

(2) The commissioner shall promulgate administrative regulations as necessary to

govern admission, certification, and regulation of workers' compensation self -

insured groups as authorized by this section and KRS 342.350. The commissioner

shall take any and all action necessary to effectuate the provisions of this subtitle.

The commissioner shall be responsible for maintaining records obtained or prepared

in association with this oversight.

(3) The Governor may assign the regulatory authority und er this subtitle to another

board or agency pursuant to KRS 12.028.

(4) Except as specifically provided in this subtitle, no other provision of this chapter

shall apply to a workers' compensation self-insured group.

Effective: June 25, 2013