Kentucky Statutes 342.345 – Certificate of individual self-insurance — Revocation — New certificate — Effect of revocation
Current as of: 2024 | Check for updates
|
Other versions
(1) Whenever an employer has complied with the provisions of KRS § 342.340 relating to individual self-insurance, the commissioner shall issue to the employer a certificate which shall remain in force for a period fixed by the commissioner. But the commissioner may, upon at least ten (10) days’ notice and a hearing to the employer, revoke or suspend the certificate upon satisfactory evidence that revocation or suspension is appropriate. If the commissioner revokes a certificate, the commissioner may thereafter, upon petition of the employer and a hearing, grant a new certificate, but the employer shall not, as a matter of right, be entitled to a hearing for this purpose sooner than six (6) months following an order of the commissioner revoking the employer’s certificate.
(2) A self-insurer whose certificate to self-insure has been revoked is not relieved of its obligations for compensation to its employees for work-related injuries or occupational diseases that occur during the period of self-insurance. The required security shall be maintained with the commissioner or under the commissioner’s control until each claim for workers’ compensation benefits has been paid, been settled, or lapsed under this chapter.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1822, effective July 15, 2010. — Amended 2005 Ky. Acts ch. 7, sec. 43, effective March 1, 2005. — Amended 1994
Ky. Acts ch. 181, Part 11, sec. 37, effective April 4, 1994. — Repealed in part 1946
Ky. Acts ch. 100, sec. 15, effective October 1, 1947. — Recodified 1942 Ky. Acts ch.
208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4947.
(2) A self-insurer whose certificate to self-insure has been revoked is not relieved of its obligations for compensation to its employees for work-related injuries or occupational diseases that occur during the period of self-insurance. The required security shall be maintained with the commissioner or under the commissioner’s control until each claim for workers’ compensation benefits has been paid, been settled, or lapsed under this chapter.
Terms Used In Kentucky Statutes 342.345
- Commissioner: means the commissioner of the Department of Workers' Claims under the direction and supervision of the secretary of the Education and Labor Cabinet. See Kentucky Statutes 342.0011
- Compensation: means all payments made under the provisions of this chapter representing the sum of income benefits and medical and related benefits. See Kentucky Statutes 342.0011
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Self-insurer: is a n employer who has been authorized under the provisions of this chapter to carry his own liability on his employees covered by this chapter. See Kentucky Statutes 342.0011
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1822, effective July 15, 2010. — Amended 2005 Ky. Acts ch. 7, sec. 43, effective March 1, 2005. — Amended 1994
Ky. Acts ch. 181, Part 11, sec. 37, effective April 4, 1994. — Repealed in part 1946
Ky. Acts ch. 100, sec. 15, effective October 1, 1947. — Recodified 1942 Ky. Acts ch.
208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4947.