KRS 96A.180: Insurance of authority's properties.

An authority shall provide insurance, or may provide for self -insurance and establish for

that purpose such reserves as it deems prudent, for its properties, and for workers'

compensation, and for public liability, and may provide for the insuring of its o fficers or

employees, and the expense of obtaining such insurance, and of paying the premiums

therefor from time to time, shall be borne by the authority and be chargeable as an

operating expense of the authority.