There is a newer version of this Section
2022
2021
2020
2019
2018 (you are here)
Other previous versions
View our newest version here

2018 Kentucky Revised Statutes
CHAPTER 342 - WORKERS' COMPENSATION
.819 Dividends.

Universal Citation: KY Rev Stat § 342.819 (2018)
Previous Next

Download as PDF
342.819 Dividends. On an annual basis, the board may declare a dividend in accordance with Subtitle 24 of KRS Chapter 304, and distribute the same in the form of premium discounts, dividends, or a combination of dividends and discounts, at its discretion, if: (1) The funding obtained pursuant to KRS 342.829 has been repaid in full; (2) An independent actuarial report of the prior year's operations has been completed and reviewed by the board; (3) The authority has met all expenses for administration and claims for the prior year; and (4) Adequate reserves exist to pay all claims. Effective: April 4, 1994 History: Created 1994 Ky. Acts ch. 181, Part 12, sec. 48, effective April 4, 1994.
Previous Next
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.