There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 342 WORKERS' COMPENSATION
342.902 Definitions for KRS 342.900 to 342.912.
Download pdf(1) "Insolvent self-insurer" means either an individual self-insured employer or a self- insured group who has failed to pay compensation as a result of a declaration of
bankruptcy or insolvency by a court of competent jurisdiction, and whose security
deposit has been called by the commissioner, or who has failed to provide
compensation and who has been issued a certificate of default by the commissioner
and whose security deposit has been called by the commissioner; (2) "Member" means a self-insured employer or self-insured group that participates in a guaranty fund created pursuant to KRS 342.900 to 342.912; (3) "Guaranty fund" means one (1) of the three (3) guaranty funds established pursuant to KRS 342.900 to 342.912; (4) "Directors" means the board of directors of a guaranty fund; and
(5) "Certificate of default" means a notice issued by the commissioner based upon a finding that a self-insured employer or self-insured group has failed to pay
compensation required by this chapter. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1857, effective July 15, 2010. -- Amended 2005 Ky. Acts ch. 7, sec. 47, effective March 1, 2005. -- Created 1996 (1st
Extra. Sess.) Ky. Acts ch. 1, sec. 21, effective December 12, 1996.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.