{"data":{"id":"us-ky/krs-304.50-060","jurisdiction":"us-ky","citation":"KRS 304.50-060","heading":"Annual reports -- Organizational documents -- Proof of excess","body":"insurance coverage -- Statement of financial condition.\n(1) The information and reports required by this section shall be filed by the self -\ninsured group with the commissioner on an annual basis.\n(2) Within one hundred twenty (120) days from the end of the self -insured group's\nfiscal year, the self-insured group shall file:\n(a) Copies of all fidelity bonds, security deposits, and letters of credit;\n(b) Any material change in the administr ation of the group, including any change\nin the organizational documents, change in the administrator, or a change in\nthe service organization or fiscal agent;\n(c) An attested statement relating to conflicts of interest and compliance with\nKRS 304.50-105; and\n(d) Any other information the commissioner may require.\n(3) Within ten (10) days before the expiration of each self -insurance year, the self -\ninsured group shall file proof of:\n(a) Specific excess insurance coverage for the ensuing year; and\n(b) Aggregate excess insurance coverage for the ensuing year unless such\ncoverage is exempted or waived under KRS 304.50-120(1).\n(4) Within one hundred twenty (120) days from the end of the self -insured group's\nfiscal year, the group shall file the statement of financial condition required by KRS\n304.50-110 and any other relevant financial information requested by the\ncommissioner. Within forty -five (45) days from the end of each fiscal quarter, the\nself-insured group shall file a statement of financial condition alon g with an\nacknowledgment signed by the board of trustees or its authorized agent indicating\nthat the statement has been presented to the board and any other relevant financial\ninformation requested by the commissioner, including a balance sheet, and income\nand cash flow statement, on a form prescribed by the commissioner.\n(5) Upon the request of a group member, a self -insured group shall make available the\nstatement of financial condition required in KRS 304.50-110.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=30256","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:00Z","sha256":"627708f1c56b3fdeb014d47022e7b63b6fa09184b462e8802032094c162ee14a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.50-055","next":"us-ky/krs-304.50-065"},"notice":"GroundRules: Original legal text. Not legal advice."}