Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.50-035.Certificate of filing of self-insured group; conditions for issuance

1. The adequacy of the funding mechanisms;

2. The existence and adequacy of appropriate excess insurance;

3. The participating members' financial strength;

4. The stability of the membership;

5. The risks of the industry;

6. The experience of management and all persons responsible for the conduct of the affairs of the workers' compensation self-insured group; and

7. An initial and ongoing minimum surplus funds requirement of not less than one million dollars ($1,000,000), except for a workers' compensation self insured group currently operating under a plan approved by the commissioner pursuant to KRS 304.50-135 or a remedial action plan approved by the predecessor regulatory agency prior to August 3, 2004.