{"data":{"id":"us-ky/krs-304.13-410","jurisdiction":"us-ky","citation":"KRS 304.13-410","heading":"Premium reduction for deductible workers' compensation policy.","body":"(1) An employer policyholder who selects a deductible workers' compensation policy\nshall be granted a premium reduction by the insurer. The premium reduction shall\nbe calculated by the insurer in accordance with administrative regulations\npromulgated by the co mmissioner and shall be fully disclosed to the employer\npolicyholder in writing.\n(2) For ratemaking purposes, the premium reduction granted to an employer\npolicyholder in accordance with the provisions of subsection (1) of this section shall\nbe applied and  considered prior to the application of experience modification\nadjustments, premium surcharges, or premium discounts.\n(3) In addition to the provisions contained in subsection (2) of this section, only the net\nexperience of an employer policyholder, which  results after application of the\ndeductible amount, rather than the gross experience of the employer policyholder,\nshall be used by the insurer or advisory organization in the calculation and\npreparation of workers' compensation rates. Violation of the pr ovisions of this\nsubsection shall constitute grounds for the suspension or revocation of the license of\nan insurer or advisory organization in the manner prescribed in KRS Chapter\n304.13-320.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=17115","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:43Z","sha256":"0d4495a813a39f36449fd3ab2e78817a72b40176e8afc5af05ea6de61b051e66","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.13-400","next":"us-ky/krs-304.13-412"},"notice":"GroundRules: Original legal text. Not legal advice."}