KRS 342.819: Dividends.

On an annual basis, the board may declare a dividend in accordance with Subtitle 24 of

KRS Chapter 304, and distribute the same in the form of premium discounts, dividends,

or a combination of dividends and discounts, at its discretion, if:

(1) The funding obtained pursuant to KRS 342.829 has been repaid in full;

(2) An independent actuarial report of the prior year's operations has been completed

and reviewed by the board;

(3) The authority has met all expenses for administration and claims for the prior y ear;

and

(4) Adequate reserves exist to pay all claims.