Ky. Rev. Stat. § 304.17A-844

Current through 2024 Ky. Acts ch. 225
Section 304.17A-844 - Prohibited activities - Penalties
(1) After a hearing or upon agreement by the self-insured employer-organized association group, the commissioner may suspend or revoke the certificate of filing of a self-insured employer-organized association group, impose a civil penalty of up to five thousand dollars ($5,000) per violation on a self-insured employer-organized association group, or both, for:
(a) Violations of KRS 304.12-237, 304.17A-800 to 304.17A-844, or administrative regulations promulgated thereunder;
(b) Obtaining a certificate of filing by unfair or deceptive means;
(c) Operating in a financially hazardous manner;
(d) Misappropriation, conversion, illegal withholding, or refusal to pay over upon proper demand any moneys that belong to a member, an employee of a member, or a person otherwise entitled thereto by the group or its administrator; or
(e) Unfair or deceptive business practices.
(2) The commissioner, in his or her discretion and without advance notice or a hearing thereon, may suspend or revoke the certificate of filing of any self-insured employer-organized association group upon the commencement of the following proceedings:
(a) Receivership;
(b) Conservatorship;
(c) Rehabilitation; or
(d) Other delinquency proceedings.

KRS 304.17A-844

Effective: June 29, 2021

Amended 2021 Ky. Acts ch. 30, sec. 3, effective June 29, 2021. -- Amended 2010 Ky. Acts ch. 24, sec. 1271, effective July 15, 2010. -- Created 2003 Ky. Acts ch. 78, sec. 23, effective June 24, 2003.

Amended by 2021 Ky. Acts ch. 30,§ 3, eff. 6/29/2021.
Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1271, effective7/15/2010. -- Created 2003, Ky. Acts ch. 78, sec. 23, effective 6/24/2003.