2006 Kentucky Revised Statutes - .844   Prohibited activities -- Penalties.

304.17A-844 Prohibited activities -- Penalties. (1) After a hearing or upon agreement by the self-insured employer-organized association group, the executive director may suspend or revoke the certificate of filing of a self-insured employer-organized association group, impose a civil penalty of up to five thousand dollars ($5,000) per violation on a self-insured employer- organized association group, or both, for: (a)  Violations of KRS 304.17A-800 to 304.17A-844 or administrative regulations promulgated 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)  Unfair or deceptive business practices. (2) The executive director, in his discretion and without advance notice or a hearing thereon, may suspend or revoke the certificate of filing of any self-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 24, 2003 History:Created 2003 Ky. Acts ch. 78, sec. 23, effective June 24, 2003. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section. Page 1 of 1