RELATES TO: KRS 342.120, 342.316

STATUTORY AUTHORITY: KRS 342.260

NECESSITY, FUNCTION, AND CONFORMITY: KRS 342.120 and 342.316 require that an administrative regulation be promulgated outlining the method of reimbursement for compensation paid when an employer and the Special Fund are jointly liable. The function of this administrative regulation is to prescribe these methods of reimbursement.

Section 1. Reimbursement of Carriers and Self-insured Employers by Special Fund. Each insurance carrier and self-insured employer applying for reimbursement by the Special Fund under the provisions of KRS 342.120(4) or 342.316(13)(a) shall furnish the board quarterly a statement in duplicate showing the name of the employee, the amount of compensation paid such employee, and the periods for which such compensation has been paid, which statement shall be filed with the board within thirty (30) days from the end of each quarter for which reimbursement is sought, or within such further time thereafter as the board may for good cause permit, and shall be certified by a designated officer or employee of the employer or insurance carrier. (WCB 3-1; 1 Ky.R. 839; Am. 2 Ky.R. 154; eff. 8-13-75.)