§ 304-48-260

304.48 -260 Commissioner's enforcement authority. (1) After a hearing or upon agreement by the liability self -insurance group, the commissioner may suspend or revoke the certificate of filing of a liability self - insurance group, impose a civil penalty of up to five thousand dollars ($5,000) per violation on a liability self -insurance group, or both, for: (a) Violations of this subtitle or administrative regulations adopted thereunder; (b) Obtaining a certificate of filing by unfair or deceptive means; (c) Operating in a financially hazardous manner; (d) Misapp ropriation, 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) Violations of Subtitle 12 o f this chapter or administrative regulations promulgated pursuant thereto. (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 liability self - insurance group upon the commencement of the following proceedings: (a) Receivership; (b) Conservatorship; (c) Rehabilitation;

may suspend or revoke the certificate of filing of any liability self - insurance group upon the commencement of the following proceedings: (a) Receivership; (b) Conservatorship; (c) Rehabilitation; or (d) Other delinquency proceedings. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1605, effective July 15, 2010; and ch. 48, sec. 8, effective July 15, 2010. -- Created 1994 Ky. Acts ch. 358, sec. 26, effective July 15, 1994. Legislative Research Commission Note (7/15/2010). This section was amended b y 2010 Ky. Acts chs. 24 and 48, which do not appear to be in conflict and have been codified together.