No trustee of a self-insured employer-organized association group nor any of its employees, officers, or directors shall be an employee, officer, or director of, or have either a direct or indirect interest in, an administrator. No administrator nor any of its employees, officers, or directors shall be a trustee, employee, officer, or director of, or have either a direct or indirect financial interest in, a self-insured employer-organized association group.
Effective: June 24, 2003

Terms Used In Kentucky Statutes 304.17A-830

  • 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
  • Trustee: A person or institution holding and administering property in trust.

History: Created 2003 Ky. Acts ch. 78, sec. 16, effective June 24, 2003.

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