{"data":{"id":"us-ky/krs-342.819","jurisdiction":"us-ky","citation":"KRS 342.819","heading":"Dividends.","body":"On an annual basis, the board may declare a dividend in accordance with Subtitle 24 of\nKRS Chapter 304, and distribute the same in the form of premium discounts, dividends,\nor a combination of dividends and discounts, at its discretion, if:\n(1) The funding obtained pursuant to KRS 342.829 has been repaid in full;\n(2) An independent actuarial report of the prior year's operations has been completed\nand reviewed by the board;\n(3) The authority has met all expenses for administration and claims for the prior y ear;\nand\n(4) Adequate reserves exist to pay all claims.","path":["KRS Chapter 342"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=32569","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:32Z","sha256":"3942f652c2f56233ed7ad8002eb88cf4f96708a7723b7a897b9df9662a6314f4","source_id":"us-ky","stale":false,"prev":"us-ky/krs-342.817","next":"us-ky/krs-342.821"},"notice":"GroundRules: Original legal text. Not legal advice."}