187.600 Self-insurance.
139 words·~1 min read·
/ky/chapter-187/187-600A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Any person in whose name more than twenty-five
(25)motor vehicles are registered
may qualify as a self-insurer by obtaining a certificate of self-insurance issued by
the cabinet as provided in subsection
(2)of this section.
(2)The cabinet may, in its discretion, upon the application of such a person, issue a
certificate of self-insurance when it is satisfied that the person is possessed and will
continue to be possessed of ability to pay judgments obtained against the person.
(3)The cabinet may upon reasonable grounds cancel a certificate of self-insurance
subject to the certificate holder being afforded the opportunity for a hearing to be
conducted in accordance with KRS Chapter 13B. Failure to pay any judgment
within thirty
(30)days after the judgment becomes final constitutes a reasonable
ground for the cancellation of a certificate of self-insurance.