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Discounting authorized -- Requirements -- Approval by commissioner

KRS 304.50-125
in effect
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304.50-125. Discounting authorized -- Requirements -- Approval by commissioner (1) In the computation of the retained liabilities of the self-insured group, reserves for claims or projected reserves for claims may be discounted for their present value if: (a) The discounting is based upon the computation of a qualified actuary; and (b) The computations and supporting documentation are filed annually in writing with the commissioner. (2) Discounting shall be approved by the commissioner unless: (a) The actuary is found to be unqualified by the commissioner; or (b) The computations and supporting documentation presented by the actuary are rejected based on the opinion of the commissioner's qualified actuary. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1643, effective July 15, 2010. -- Created 2005 Ky. Acts ch. 7, sec. 25, effective March 1, 2005.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=30269Fetched: 10/20/2026

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