WebSPECIAL FUND ASSESSMENTS – INDIVIDUAL SELF-INSURERS (A) All Employers Special Fund Assessments A Special Fund assessment is imposed upon all employers carrying their own workers' com-pensation risk in accordance with KRS 342.340 based upon the premium calculated by the Department of Workers' Claims as defined in KRS 342.0011(28). WebSpecial assessments should only be used to pay for unanticipated items or expenses not considered in the association’s reserve fund. The following are examples of major expenses that may require a special assessment: Replacement of siding Private roads Roofing Replacement or renovation of a community clubhouse
KENTUCKY WORKERS’ COMPENSATION FUNDING …
WebApr 13, 2024 · The measure also provides that the legal fees of the injured worker are required to be paid from the special fund in addition to the lump-sum payment and the legal fees are prohibited from exceeding more than one percent of the lump-sum payment. The measure changes the rate of the special fund assessment rate to not less than six … Web2024 Kentucky Revised Statutes Chapter 342 - Workers' compensation 342.122 Special fund assessments -- Annual adjustments -- Quarterly payments -- Electronic remittance -- … farmville games on facebook
Workers
WebThe Special Fund Assessment is a surcharge imposed by the Commonwealth of Kentucky per Kentucky Revised Statute 342.122 on workers’ compensation insurance premiums to … WebSection 342.1242 - Kentucky coal workers' pneumoconiosis fund - Liability for and manner of making payments for awards for coal workers' pneumoconiosis - Assessments to finance fund - When assessments cease - Distribution of excess assessments to employers - Reimbursement of funding commission by Kentucky Employers' Mutual Insurance … Webcredits created by Guaranty Fund Assessment credits. 3. Kentucky Investment Fund Act Credit The 2002 Kentucky General Assembly amended the Kentucky Investment Fund Act (KIFA) so that the KIFA tax credit may now be applied against the insurance premiums tax imposed on domestic and foreign life insurance companies by KRS 136.320 or KRS … farmville funeral home north carolina