Kentucky Statutes 304.50-005 – Purpose of subtitle
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The purpose of this subtitle is to establish minimum financial standards for workers’ compensation self-insured groups to ensure that self-insured groups are providing adequate coverage for member employers’ risks and liabilities under KRS Chapter 342 for injured employees of the member employers.
Effective: March 1, 2005
History: Created 2005 Ky. Acts ch. 7, sec. 1, effective March 1, 2005.
Effective: March 1, 2005
Terms Used In Kentucky Statutes 304.50-005
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
History: Created 2005 Ky. Acts ch. 7, sec. 1, effective March 1, 2005.