There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
CHAPTER 342 WORKERS' COMPENSATION
342.910 Rights and responsibilities of funds as to payments made, due, or recoverable.
Download pdfgiven by law to the person directly entitled to the compensation. (2) Notwithstanding subsection (1) of this section, each guaranty fund shall not be liable for the payment of any penalties or interest assessed for any act or omission
on the part of any person, including but not limited to the penalties provided in this
chapter. (3) Each guaranty fund shall be a party in interest in all proceedings involving compensation claims against an insolvent member whose compensation obligations
have been paid or assumed by the guaranty fund. The guaranty fund shall have the
same rights and defenses as the insolvent individual self-insurer. (4) Each guaranty fund shall have the right and obligation to obtain reimbursement from an insolvent self-insurer up to the amount of the self-insurer's workers'
compensation obligations paid and assumed by each guaranty fund, including
reasonable administrative and legal costs. (5) Each guaranty fund shall have the right to bring an action against any person or entity to recover compensation paid and liability assumed by the guaranty fund,
including but not limited to any excess insurance carrier of the insolvent member. Effective: December 12, 1996
History: Created 1996 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 25, effective December 12, 1996.
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