2009 Kentucky Revised Statutes Subtitle 17A. Health Benefit Plans 304.17A.824 Continuing effectiveness of certificate -- Termination of certificate at request of group -- Merger with another group.
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304.17A-824 Continuing effectiveness of certificate -- Termination of certificate at
request of group -- Merger with another group.
(1) A certificate of filing remains in effect until terminated at the request of the group
or suspended or revoked by the commissioner pursuant to KRS 304.17A-840.
(2) The commissioner shall not grant the request of the self-insured employer-
organized association group to terminate its certificate of filing unless the group has <br>filed with the commissioner a statement describing what arrangements, if any, have <br>been made to pay obligations of the group, including both known claims and <br>expenses and incurred but unreported claims and expenses.
(3) Subject to filing with the commissioner, a self-insured employer-organized
association group may merge with another self-insured employer-organized <br>association group. As a result of any merger, the resulting self-insured employer-<br>organized association shall assume in full all obligations of the constituent groups.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 1265, effective July 15, 2010. -- Created
2003 Ky. Acts ch. 78, sec. 13, effective June 24, 2003.
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