KRS 342.839: Applicability of specified provisions of law.

(1) Notwithstanding any provision of KRS Chapter 304 to the contrary, the authority

shall be exempt from participation, and shall not join, contribute financially to, nor

be entitled to the protection of, any plan, pool, association, guarantee, or insolvency

fund authorized or required by KRS Chapter 304.

(2) Except as provided in subsection (1) of this section, the authority shall be subject to

the same assessments applicable to workers' compensation premiums as domestic

mutual insurance companies licensed to do business in the Commonwealth and

governed by the provisions of Subtitle 24 of KRS Chapter 304.

(3) Notwithstanding the provisions of Subtitle 24 of KRS Chapter 304 or any other

provisions of the Kentucky Revised Statutes to the contrary, the minimum num ber

of directors and procedures required for incorporating a mutual insurance company,

requirements relating to the name of a mutual insurance company, and any licensing

requirements applicable to mutual insurance companies shall not apply to the

authority.

(4) The authority shall be considered an insurer for purposes of KRS 342.122 and other

provisions of this chapter.

(5) Notwithstanding any provision of KRS Chapter 304 to the contrary the authority

shall not be subject to the provisions of Subtitle 33 or other provisions of KRS

Chapter 304 that relate to the liquidation, rehabilitation, dissolution, or sale of any

insurance company.