304.13-053 Filing procedures for rates for use after December 31, 1998.
(1)
(2)
(3)
Unless the commissioner enters an order pursuant to KRS 304.13-041 declaring
workers' compensation to be a noncompetitive market, rates filed for use after
December 31, 1998, shall be filed pursuant to KRS 304.13-051(1).
Notwithstanding the provisions of KRS 304.13-051 to the contrary, after December
31, 1998, no insurer providing workers' compensation insurance shall place into
effect any rates, manuals, or underwriting rules for workers' compensation insurance
which it proposes to use pursuant to KRS 304.13-051(1) or (4) if the rates, manuals,
or underwriting rules will result in an increase or decrease of more than fifteen
percent (15%) from the workers' compensation insurer's then-existing workers'
compensation insurance rates for any classification of risks within a twelve (12)
month period of time.
After December 31, 1998, any workers' compensation insurer which proposes to
change its then-existing rates, manuals, or underwriting rules so as to effectively
increase or decrease the rates of any classification of risks more than fifteen percent
(15%) within a twelve (12) month period shall file all the rates and supplemental
rating information which shall not become effective until approved by the
commissioner pursuant to the provisions of KRS 304.13-051.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1117, effective July 15, 2010; and
ch. 166, sec. 2, effective July 15, 2010. -- Created 1996 (1st Extra. Sess.) Ky. Acts
ch. 1, sec. 49, effective December 12, 1996.
Legislative Research Commission Note (7/15/2010). This section was amended by
2010 Ky. Acts chs. 24 and 166. Where these Acts are not in conflict, they have been
codified together. Where a conflict exists, Acts ch. 166 which was last enacted by the
General Assembly, prevails under KRS 446.250.
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