§ 304-17a-844

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 thousa nd 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 filin g 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 other wise 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 s elf-insured employer -organized association group upon the commencement of the following proceedings: (a)

advance notice or a hearing thereon, may suspend or revoke the certificate of filing of any s elf-insured employer -organized association group upon the commencement of the following proceedings: (a) Receivership; (b) Conservatorship; (c) Rehabilitation; or (d) Other delinquency proceedings. Effective: June 29, 2021 History: 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.