Kentucky Statutes 304.17A-820 – Examination of financial condition, affairs, and management by commissioner
Current as of: 2024 | Check for updates
|
Other versions
The commissioner or any person authorized by him or her shall have the power to examine the financial condition, affairs, and management of any self-insured employer- organized association group subject to the provisions of KRS § 304.17A-800 to KRS § 304.17A-
844. The commissioner shall have free access to all the books, papers, and documents relating to the business of the organization, and may summon witnesses and administer oaths and affirmations in the examination of the directors, trustees, officers, agents, representatives, or employees of any group, or any person in relation to its affairs, transactions, or conditions. The commissioner shall so examine each self-insured employer-organized association group subject to the provisions of KRS § 304.17A-800 to
304.17A-844 no less frequently than every four (4) years. An examination under this section shall be subject to the provisions of KRS § 304.2-210 to KRS § 304.2-290.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1264, effective July 15, 2010. — Created
2003 Ky. Acts ch. 78, sec. 11, effective June 24, 2003.
844. The commissioner shall have free access to all the books, papers, and documents relating to the business of the organization, and may summon witnesses and administer oaths and affirmations in the examination of the directors, trustees, officers, agents, representatives, or employees of any group, or any person in relation to its affairs, transactions, or conditions. The commissioner shall so examine each self-insured employer-organized association group subject to the provisions of KRS § 304.17A-800 to
Terms Used In Kentucky Statutes 304.17A-820
- Association: means an entity, other than an employer-organized association, that has been organized and is maintained in good faith for purposes other than that of obtaining insurance for its members and that has a constitution and bylaws. See Kentucky Statutes 304.17A-005
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- Employer-organized association: means any of the following:
(a) Any entity that was qualified by the commissioner as an eligible association prior to April 10, 1998, and that has actively marketed a health insurance program to its members since September 8, 1996, and which is not insurer- controlled. See Kentucky Statutes 304.17A-005
304.17A-844 no less frequently than every four (4) years. An examination under this section shall be subject to the provisions of KRS § 304.2-210 to KRS § 304.2-290.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1264, effective July 15, 2010. — Created
2003 Ky. Acts ch. 78, sec. 11, effective June 24, 2003.