304.20 -080 Self -insurance of public housing authority. Any public housing authority created pursuant to KRS Chapter 80 may self -insure, subject to approval of the commissioner by filing with the commissioner in satisfactory form: (1) A continuing undertaking by the owner or other appropriate person to pay tort liabilities; (2) Evidence that appropriate provision exists for prompt and efficient administration of all claims; and (3) Evidence that reliable financial arrangements, deposits, or commitments exist providing coverage substantially equivalent to that af forded by a policy of insurance for payment of claims against a public housing authority. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1310, effective July 15, 2010. -- Created 1986 Ky. Acts ch. 147, sec. 1, effective July 15, 1986.
Kentucky Legal Code