{"data":{"id":"us-ky/krs-342.910","jurisdiction":"us-ky","citation":"KRS 342.910","heading":"Rights and responsibilities of funds as to payments made, due, or","body":"recoverable.\n(1) Each guaranty fund, by making payment of compensation under this chapter, has the\nsame preference over the other debts of the principal or the principal's estate as is\ngiven by law to the person directly entitled to the compensation.\n(2) Notwithstanding subsection (1) of this section, each guaranty fund shall not be\nliable for the payment of any penalties or interest assessed for any act or omission\non the part of any pe rson, including but not limited to the penalties provided in this\nchapter.\n(3) Each guaranty fund shall be a party in interest in all proceedings involving\ncompensation claims against an insolvent member whose compensation obligations\nhave been paid or ass umed by the guaranty fund. The guaranty fund shall have the\nsame rights and defenses as the insolvent individual self-insurer.\n(4) Each guaranty fund shall have the right and obligation to obtain reimbursement\nfrom an insolvent self -insurer up to the amoun t of the self -insurer's workers'\ncompensation obligations paid and assumed by each guaranty fund, including\nreasonable administrative and legal costs.\n(5) Each guaranty fund shall have the right to bring an action against any person or\nentity to recover co mpensation paid and liability assumed by the guaranty fund,\nincluding but not limited to any excess insurance carrier of the insolvent member.","path":["KRS Chapter 342"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=32587","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:33Z","sha256":"8a4fae896fe3c34c24c695925fc99dc05bc6714a8e6f48a789f5614e6a241dcf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-342.908","next":"us-ky/krs-342.912"},"notice":"GroundRules: Original legal text. Not legal advice."}