304.1 7A-824 Continuing effectiveness of certificate -- Termination of certificate at request of group -- Merger with another group. (1) A certificate of filing remains in effect until terminated at the request of the group or suspended or revoked by the commi ssioner pursuant to KRS 304.17A -840. (2) The commissioner shall not grant the request of the self -insured employer - organized association group to terminate its certificate of filing unless the group has filed with the commissioner a statement describing wh at arrangements, if any, have been made to pay obligations of the group, including both known claims and expenses and incurred but unreported claims and expenses. (3) Subject to filing with the commissioner, a self -insured employer -organized association gr oup may merge with another self -insured employer -organized association group. As a result of any merger, the resulting self -insured employer - organized association shall assume in full all obligations of the constituent groups. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1265, effective July 15, 2010. -- Created 2003 Ky. Acts ch. 78, sec. 13, effective June 24, 2003.
Kentucky Legal Code