342.815 Insurance coverage provisions.

113 words·~1 min read·/ky/chapter-342/342-815

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The authority may provide coverage for insurance, authorized in KRS 342.803, to

any employer in the Commonwealth, and who tenders the required premium for

coverage and comply with other conditions and qualifications for obtaining and

maintaining coverage adopted by the authority to protect and ensure its actuarial

soundness and solvency.

(2)The authority shall provide coverage to any employer who is unable to secure

coverage in the voluntary market unless:

(a)The employer owes undisputed premiums to a previous workers'

compensation carrier or to a workers' compensation residual market

mechanism; or

(b)Providing coverage to the employer would subject the authority or its

employees to a violation of federal or state law.