Dividends
KRS 342.819
in effect342.819. Dividends
On an annual basis, the board may declare a dividend in accordance with Subtitle 24 of KRS Chapter 304, and distribute the same in the form of premium discounts, dividends, or a combination of dividends and discounts, at its discretion, if:
(1) The funding obtained pursuant to KRS 342.829 has been repaid in full;
(2) An independent actuarial report of the prior year's operations has been completed and reviewed by the board;
(3) The authority has met all expenses for administration and claims for the prior year; and
(4) Adequate reserves exist to pay all claims.
Effective: April 4, 1994
History: Created 1994 Ky. Acts ch. 181, Part 12, sec. 48, effective April 4, 1994.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=32569Fetched: 10/20/2026