The commissioner or his or her designee shall have power to examine the financial condition, affairs, and management of any workers’ compensation self-insured group subject to the provisions of this subtitle. He or she 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 the workers’ compensation self-insured group’s affairs, transactions, or conditions relating to workers’ compensation. The commissioner shall examine each workers’ compensation self-insured group not less frequently than every four (4) years. Information and other data obtained through the examination shall be subject to the provisions of KRS § 304.2-230 to KRS § 304.2-290. All examination expenses shall be borne by the self-insured group being examined.
Effective: July 15, 2010

Terms Used In Kentucky Statutes 304.50-075

  • Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
  • Person: includes , but is not limited to, any individual, partnership, association, limited liability company, trust, or corporation. See Kentucky Statutes 304.50-015
  • Self-insured group: means a group self-insurance fund. See Kentucky Statutes 304.50-015
  • Trustees: means persons elected by the group members or appointed by the board of directors of the sponsoring trade association or association of governmental entities to oversee the administration of the self-insured group. See Kentucky Statutes 304.50-015

History: Amended 2010 Ky. Acts ch. 24, sec. 1636, effective July 15, 2010. — Created
2005 Ky. Acts ch. 7, sec. 15, effective March 1, 2005.

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