Section 304.20-080 - Self-insurance of public housing authorityAny public housing authority created pursuant to KRS Chapter 80 may self-insure, subject to approval of the commissioner by filing with the commissioner in satisfactory form:
(1) A continuing undertaking by the owner or other appropriate person to pay tort liabilities;(2) Evidence that appropriate provision exists for prompt and efficient administration of all claims; and(3) Evidence that reliable financial arrangements, deposits, or commitments exist providing coverage substantially equivalent to that afforded by a policy of insurance for payment of claims against a public housing authority.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1310, effective7/15/2010. -- Created 1986 Ky. Acts ch. 147, sec. 1, effective 7/15/1986.