42.0651 Duties of Division of State Risk and Insurance Services -- Assistance from
389 words·~2 min read·
/ky/42-0651A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
other agencies -- Risk management program.
(1)The Division of State Risk and Insurance Services shall:
(a)Oversee and assist the management of the Commonwealth's property and
casualty insurance fund established in KRS Chapter 56;
(b)Develop and manage programs of risk assessment and insurance for the
protection of state property not covered by the Commonwealth's property and
casualty insurance fund;
(c)Advise the secretary of the Finance and Administration Cabinet on the fiscal
management of programs relating to life insurance, workers' compensation,
and health care benefits for state employees;
(d)Serve as the central clearinghouse for coordinating and evaluating existing
and new risk management programs within all state agencies;
(e)Develop financing techniques for risk protection;
(f)Provide insurance for all state-owned and state-operated facilities and
vehicles; and
(g)Develop and implement other risk management, insurance, and self-insurance
programs or other functions and duties as the secretary of the Finance and
Administration Cabinet may direct the division to undertake and implement
within the general statutory authority and control of the Finance and
Administration Cabinet over state property and fiscal affairs of the executive
branch of state government, including, but not limited to, those areas
pertaining to tort and contractual liability, fidelity, and property risks.
(2)Nothing in this section shall be construed or interpreted as affecting the operation of
the employee benefit programs generally administered by the Office of Employee
Relations and Department of Employee Insurance within the Personnel Cabinet.
These agencies shall coordinate the operation of life insurance, workers'
compensation, health care benefit programs, and other self-insured programs with
the Division of State Risk and Insurance Services.
(3)All cabinets, departments, boards, commissions, and other state agencies shall
provide to the Division of State Risk and Insurance Services the technical advice
and other assistance the Division of State Risk and Insurance Services or the
secretary of the Finance and Administration Cabinet shall request in the
performance of the functions of the division as described in this section.
(a)The secretary of the Finance and Administration Cabinet shall have the power
and authority to promulgate administrative regulations pursuant to KRS
Chapter 13A for purposes of implementing a risk management program for
the executive branch of state government.
(b)Any administrative regulations promulgated by the secretary shall be
administered by the Division of State Risk and Insurance Services.