Actuarial Service Contract for KRGF

2026-11-03

The Kentucky Office of the Reclamation Guaranty Fund Commission , of the Energy and Environment Cabinet ( EEC ), is requesting actuarial services to determine the actuarial soundness , as defined in KRS 350 . 500 ( 1 ), of the Kentucky Reclamation Guaranty Fund ( KRGF ). This request is in accordance with the mandate of KRS 350 . 509 ( 4 ). This study will assist the Commission in determining the solvency and sustainability of the KRGF . The actuary will be tasked with making professional determinations and provide written recommendations to the KRGF Commission concerning the risk , viability , impact and maintenance of the KRGF . Specifically , the actuary will perform the following functions : perform statistical calculation of risk ; evaluate the Fund structure , funding schemes and financial soundness of the Fund ; evaluate and analyze data provided by the Kentucky , Department for Natural Resources ( DNR ), Kentucky Reclamation Guaranty Fund ( KRGF ), Office of the Reclamation Guaranty Fund ( ORGF ) and / or data acquired by the actuary in order to summarize Fund activity and make recommendations on the best operation of the KRGF . The actuary also will provide analysis on mechanisms in place to provide adequate financial oversight to the Fund .

Kentucky

2026-05-08