Section 304.99-020 - Civil penalties(1) For any violation of this code where the commissioner has the power to revoke or suspend a license or certificate of authority, the commissioner may in lieu thereof or in addition to such revocation or suspension impose a civil penalty against the violator in the case of an insurer, a fraternal benefit society, nonprofit hospital, medical-surgical, dental, and health service corporation, or health maintenance organization of not more than ten thousand dollars ($10,000) per violation; in the case of an agent, surplus lines broker, rental vehicle agent or managing employee, specialty credit producer or managing employee, or reinsurance intermediary broker or manager of not more than one thousand dollars ($1,000) per violation; in the case of an adjuster, administrator, life settlement broker, life settlement provider, or consultant of not more than two thousand dollars ($2,000) per violation.(2) Such civil penalty may be recovered in an action brought thereon in the name of the Commonwealth of Kentucky in any court of appropriate jurisdiction.(3) In any court action with respect to a civil penalty, the court may review the penalty as to both liability and reasonableness of amount.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1651, effective7/15/2010. --Amended 2008, Ky. Acts ch. 32, sec. 25, effective 7/15/2008. -- Amended 2005, Ky. Acts ch. 58, sec. 15, effective 6/20/2005. -- Amended 2002, Ky. Acts ch. 273, sec. 52, effective 7/15/2002. -- Amended 1986 Ky. Acts ch. 162, sec. 11, effective 7/15/1986; and ch. 437, sec. 39, effective 7/15/1986. -- Amended 1982 Ky. Acts ch. 320, sec. 43, effective 7/15/1982. -- Created 1970 Ky. Acts ch. 301, subtit. 99, sec. 2, effective 6/18/1970.