2011 Kentucky Revised Statutes Subtitle 50. Workers' Compensation Self-Insured Groups 304.50.075 Examination of financial condition, affairs, and management by commissioner.
KY Rev Stat § 304.50.075 (1996 through Reg Sess) What's This?
304.50-075 Examination of financial condition, affairs, and management by
commissioner.
The commissioner or his or her designee shall have power to examine the financial
condition, affairs, and management of any workers’ compensation self-insured group
subject to the provisions of this subtitle. He or she shall have free access to all the books,
papers, and documents relating to the business of the organization, and may summon
witnesses and administer oaths and affirmations in the examination of the directors,
trustees, officers, agents, representatives, or employees of any group, or any person in
relation to the workers’ compensation self-insured group’s affairs, transactions, or
conditions relating to workers' compensation. The commissioner shall examine each
workers’ compensation self-insured group not less frequently than every four (4) years.
Information and other data obtained through the examination shall be subject to the
provisions of KRS 304.2-230 to 304.2-290. All examination expenses shall be borne by
the self-insured group being examined.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1636, effective July 15, 2010. -- Created
2005 Ky. Acts ch. 7, sec. 15, effective March 1, 2005.
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