Thompson v. Kentucky Reinsurance Ass'n

STEPHENS, Chief Justice.

The primary issue we address on this appeal is whether the General Assembly of the Commonwealth may divert funds from the Kentucky Reinsurance Association,1 a statutorily created Kentucky non-profit corporation, which operates entirely on premiums collected from Kentucky insurance carriers licensed to write Workers Compensation Insurance, Kentucky self-insurance groups, and Kentucky self-insured employers. An ancillary issue is whether the funds so collected must be held and invested by the Kentucky State Treasurer.

The trial court answered both questions in the…