KRS 304.50-040: Termination, suspension, or revocation of certificate -- Merger of

workers' compensation self-insured groups.

(1) A certificate of filing shall remain in effect until terminated at the request of the

self-insured group or suspended or revoked by the commissioner in accordance with

the provisions of this subtitle.

(2) The commissioner shall not grant the request of a workers' compensation self -

insured group to terminate its certificate of filing unless the group has filed with the

commissioner a stat ement describing arrangements that have been made to pay

obligations of the group, including both known claims and expenses and incurred

but not reported claims and expenses.

(3) Subject to the approval of the commissioner, a workers' compensation self -insured

group may merge with another workers' compensation self -insured group. As a

result of any merger, the resulting workers' compensation self -insured group shall

assume in full all obligations of the constituent groups.