{"data":{"id":"us-ky/krs-304.50-125","jurisdiction":"us-ky","citation":"KRS 304.50-125","heading":"Discounting authorized -- Requirements -- Approval by commissioner.","body":"(1) In the computation of the retained liabilities of the self -insured group, reserves for\nclaims or projected reserves for claims may be discounted for their present value if:\n(a) The discounting is based upon the computation of a qualified actuary; and\n(b) The computations and supporting documentation are filed annually in writing\nwith the commissioner.\n(2) Discounting shall be approved by the commissioner unless:\n(a) The actuary is found to be unqualified by the commissioner; or\n(b) The computations and supp orting documentation presented by the actuary are\nrejected based on the opinion of the commissioner's qualified actuary.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=30269","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:00Z","sha256":"6e64bd043f1f1aba6aff5ef49d59e972f603031cf8627fc34f2a5e97d21292bc","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.50-120","next":"us-ky/krs-304.50-130"},"notice":"GroundRules: Original legal text. Not legal advice."}