Page 1 of 1
304.17A-810 Conditions for issuance of certificate of filing.
Upon receipt of an application for a certificate of filing, the commissioner shall issue or <br>deny the same. A certificate of filing shall be issued only if the commissioner finds that <br>the applicant has complied with KRS 304.17A-808, has paid the application fee, and the <br>commissioner is satisfied that the following conditions are met: <br>(1) The persons responsible for the conduct of the affairs of the self-insured employer-
organized association group are competent, trustworthy, and possess good <br>reputation; and
(2) The self-insured employer-organized association group is financially responsible
and may reasonably be expected to meet its obligations to participants and <br>prospective participants. In making this determination, the commissioner may <br>consider: <br>(a) The adequacy of working capital; <br>(b) Any agreement with an insurer, a government, or any other organization for
insuring the payment of health claims or the provision for automatic <br>applicability of an alternative coverage in the event of discontinuance of the <br>self-insurance group; and
(c) Compliance with KRS 304.17A-812, as a guarantee that the obligations will
be duly performed.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 1260, effective July 15, 2010. -- Created
2003 Ky. Acts ch. 78, sec. 6, effective June 24, 2003.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
