304.4 7-025 Felony offense involving dishonesty or breach of trust -- Fraudulent insurance act -- Penalties. (1) Any person who has been convicted of any felony offense involving dishonesty or a breach of trust, or who has been convicted of a fraudulent insura nce act under this subtitle, and who knowingly engages or participates in the business of insurance in this Commonwealth, shall be guilty of a Class D felony. (2) Any insurer that knowingly permits the participation in the business of insurance in this Com monwealth by a person who has been convicted of any felony offense involving dishonesty or a breach of trust, or who has been convicted of a fraudulent insurance act under this subtitle, shall be guilty of a criminal violation. (3) Any person who has been convicted of any felony offense involving dishonesty or a breach of trust, or who has been convicted of a fraudulent insurance act under this subtitle, may engage in the business of insurance in this Commonwealth if he or she has received written consent f rom the commissioner, and that consent specifically refers to this subsection. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. nwealth if he or she has received written consent f rom the commissioner, and that consent specifically refers to this subsection. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1583, effective July 15, 2010. -- Created 2000 Ky. Acts ch. 253, sec. 1, effective July 14, 2000.
Kentucky Legal Code