Section 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) 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 otherwise entitled thereto by the group or its administrator; or(e) Violations of Subtitle 12 of 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:(d) Other delinquency proceedings.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1605, effective7/15/2010; and ch. 48, sec. 8, effective7/15/2010. -- Created 1994 Ky. Acts ch. 358, sec. 26, effective 7/15/1994.