KRS 304.50-125: Discounting authorized -- Requirements -- Approval by commissioner.

(1) In the computation of the retained liabilities of the self -insured group, reserves for

claims or projected reserves for claims may be discounted for their present value if:

(a) The discounting is based upon the computation of a qualified actuary; and

(b) The computations and supporting documentation are filed annually in writing

with the commissioner.

(2) Discounting shall be approved by the commissioner unless:

(a) The actuary is found to be unqualified by the commissioner; or

(b) The computations and supp orting documentation presented by the actuary are

rejected based on the opinion of the commissioner's qualified actuary.