{"data":{"id":"us-ky/krs-342.900","jurisdiction":"us-ky","citation":"KRS 342.900","heading":"Legislative findings and declarations.","body":"(1) The General Assembly hereby finds and declares that the establishment of self -\ninsurance guaranty funds is a necessary component of a complete system of\nworkers' compensation, to make provisions for the general welfare of workers and\ntheir dependents, to re lieve the consequences of any industrial injury or death, and\nto secure the payment of workers' compensation benefits provided by this chapter.\n(2) The General Assembly further finds and declares that provision must be made for\nthe continuation of workers' compensation benefits otherwise delayed or terminated\ndue to the failure of a self -insured employer to meet obligations because of\ninsolvency. It is for that purpose that the General Assembly establishes mechanisms\nrequiring the establishment of three (3)  distinct nonprofit, unincorporated guaranty\nassociations, one (1) of whose members shall be composed of individually self -\ninsured employers excluding individually self -insured coal employers and public -\nsector employers; one (1) shall be composed of self-insured groups created pursuant\nto KRS 342.350(4) and 304.50 -010; and one (1) shall be composed of individually\nself-insured coal operators.","path":["KRS Chapter 342"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=32582","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:32Z","sha256":"b77e7b98cff60db4253ffb91c459109bd5d09c7d186d96710edb259f1345c1ad","source_id":"us-ky","stale":false,"prev":"us-ky/krs-342.843","next":"us-ky/krs-342.902"},"notice":"GroundRules: Original legal text. Not legal advice."}