Kentucky Statutes 304.20-080 – Self-insurance of public housing authority
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Any public housing authority created pursuant to KRS Chapter 80 may self-insure, subject to approval of the commissioner by filing with the commissioner in satisfactory form:
(1) A continuing undertaking by the owner or other appropriate person to pay tort liabilities;
(2) Evidence that appropriate provision exists for prompt and efficient administration of all claims; and
(3) Evidence that reliable financial arrangements, deposits, or commitments exist providing coverage substantially equivalent to that afforded by a policy of insurance for payment of claims against a public housing authority.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1310, effective July 15, 2010. — Created
1986 Ky. Acts ch. 147, sec. 1, effective July 15, 1986.
(1) A continuing undertaking by the owner or other appropriate person to pay tort liabilities;
Terms Used In Kentucky Statutes 304.20-080
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
(2) Evidence that appropriate provision exists for prompt and efficient administration of all claims; and
(3) Evidence that reliable financial arrangements, deposits, or commitments exist providing coverage substantially equivalent to that afforded by a policy of insurance for payment of claims against a public housing authority.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1310, effective July 15, 2010. — Created
1986 Ky. Acts ch. 147, sec. 1, effective July 15, 1986.