Kentucky Statutes 342.807 – Board of directors
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(1) The authority shall be governed by a board of directors. The board shall exercise complete jurisdiction over the authority.
(2) The board shall consist of the:
(a) Secretary of the Finance and Administration Cabinet; (b) Secretary of the Personnel Cabinet;
(c) Secretary of the Education and Labor Cabinet; and
(d) Seven (7) at-large members appointed by the Governor, subject to confirmation by the Senate.
(3) Any vacancy which occurs prior to the expiration of a term shall be filled by the Governor in the same manner as the initial appointment was made, and the new appointee shall serve only the remainder of the unexpired term.
(4) No person shall serve on the board who:
(a) Fails to meet or comply with the conflict of interest policies established by the board and KRS § 304.24-270;
(b) Is not bondable;
(c) Is an employee, attorney, or contractor of a competing insurer providing workers’ compensation insurance in the Commonwealth; or
(d) Is not a resident of this Commonwealth.
(5) In making the appointments to the board, subject to Senate confirmation, the Governor shall ensure adequate representation from the major sectors of the economy and workforce in the Commonwealth.
Effective:July 1, 2022
History: Amended 2022 Ky. Acts ch. 236, sec. 166, effective July 1, 2022. — Amended 2010 Ky. Acts ch. 24, sec. 1854, effective July 15, 2010. — Amended
1998 Ky. Acts ch. 361, sec. 2, effective July 15, 1998. — Created 1994 Ky. Acts ch. 181, Part 12, sec. 42, effective April 4, 1994.
(2) The board shall consist of the:
Terms Used In Kentucky Statutes 342.807
- Attorney: means attorney-at-law. See Kentucky Statutes 446.010
- Board: means the Workers' Compensation Board. 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
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: means any individual, partnership, limited partnership, limited liability company, firm, association, trust, joint venture, corporation, or legal representative thereof. See Kentucky Statutes 342.0011
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
(a) Secretary of the Finance and Administration Cabinet; (b) Secretary of the Personnel Cabinet;
(c) Secretary of the Education and Labor Cabinet; and
(d) Seven (7) at-large members appointed by the Governor, subject to confirmation by the Senate.
(3) Any vacancy which occurs prior to the expiration of a term shall be filled by the Governor in the same manner as the initial appointment was made, and the new appointee shall serve only the remainder of the unexpired term.
(4) No person shall serve on the board who:
(a) Fails to meet or comply with the conflict of interest policies established by the board and KRS § 304.24-270;
(b) Is not bondable;
(c) Is an employee, attorney, or contractor of a competing insurer providing workers’ compensation insurance in the Commonwealth; or
(d) Is not a resident of this Commonwealth.
(5) In making the appointments to the board, subject to Senate confirmation, the Governor shall ensure adequate representation from the major sectors of the economy and workforce in the Commonwealth.
Effective:July 1, 2022
History: Amended 2022 Ky. Acts ch. 236, sec. 166, effective July 1, 2022. — Amended 2010 Ky. Acts ch. 24, sec. 1854, effective July 15, 2010. — Amended
1998 Ky. Acts ch. 361, sec. 2, effective July 15, 1998. — Created 1994 Ky. Acts ch. 181, Part 12, sec. 42, effective April 4, 1994.