{"data":{"id":"us-ky/krs-304.13-340","jurisdiction":"us-ky","citation":"KRS 304.13-340","heading":"Phase -out of Workers' Compensation Insurance Plan -- Transfer of","body":"insureds to Employers' Mutual Insurance Authority.\nThe Workers' Compensation Insurance Plan (KWCIP), a workers' compensation residual\nmarket mechanism, in existence by virtue  of this subtitle, shall not write new policies or\nrenew policies after September 1, 1995. The board of directors of the Employers' Mutual\nInsurance Authority, the commissioner of the Department of Workers' Claims, and the\ncommissioner of the Department of  Insurance shall develop a plan, which shall be\nreviewed by the Economic Development and Workforce Investment Committee and the\nBanking and Insurance Committee of the General Assembly, for the orderly and equitable\nphase-out of the KWCIP. All claims on wor kers' compensation assigned risk policies in\neffect or issued prior to September 1, 1995, shall be paid by the KWCIP. The plan\ndeveloped shall include procedures for application and transfer of the insureds in the\nKWCIP to the authority, who shall be subje ct to the qualifications and conditions of\ncoverage required in KRS 342.801 to 342.843 and this section. The authority shall not be\nliable for any liabilities or deficits incurred on assigned risk policies in effect or issued\nprior to September 1, 1995.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=51278","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:42Z","sha256":"68ca267dfe79295e3ab210607f4c976d3b1004106cdea7aced74860d79ab9531","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.13-335","next":"us-ky/krs-304.13-342"},"notice":"GroundRules: Original legal text. Not legal advice."}