304.5 0-150 Unfair business practices prohibited -- Responses to inquiries from commissioner within 15 days. (1) A person shall not: (a) Make any deceptive statement or omit material facts in connection with solicitation for membership in a workers' compensati on self -insured group; or (b) Guarantee the payment of dividends or use statements or words in, or in connection with, any coverage which imply that the payment of dividends is guaranteed to occur. (2) A workers' compensation self -insured group shall not e ngage in unfair business practices as defined by KRS Chapter 342, and shall: (a) Respond to an inquiry from the commissioner on matters other than workers' compensation claims within fifteen (15) working days of receipt of such inquiry; and (b) Respond to an inquiry from the commissioner of the Department of Workers' Claims on matters concerning workers' compensation claims within fifteen (15) working days of receipt of such inquiry. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1647, effective July 15, 2010. -- Created 2005 Ky. Acts ch. 7, sec. 30, effective March 1, 2005.
Kentucky Legal Code