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THOMPSON v. KENTUCKY REINSURANCE ASS'N

710 S.W.2d 854 (1986)

Lester M. THOMPSON, Secretary, Finance and Administration Cabinet, et al., Appellants, v. KENTUCKY REINSURANCE ASSOCIATION, et al., Appellees.

Supreme Court of Kentucky.

May 22, 1986.

Attorney(s) appearing for the Case

Charles D. Wickliffe, Finance & Admin., Frankfort, Henry Watson, III, Tucker, Watson, Weinberg & Frazier, Cynthiana, A. Wallace Grafton, Jr., Sheryl G. Snyder, Virginia H. Snell, William H. Hollander, Wyatt, Tarrant & Combs, Louisville, for appellants.

Joseph L.T. Ardery, C. David Redmon, Susan C. Simpson, Brown, Todd & Heyburn, Louisville, for appellees.

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...

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