There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 9. Agents, Consultants, Solicitors and Adjusters
304.9.745 Suspension or revocation of license -- Imposition of penalties.
Download pdfconditions imposed on the license, or any combination thereof, on the grounds set
forth in KRS 304.9-440. (2) If a reinsurance intermediary violates any provision of this chapter or any other statute or administrative regulation administered by the commissioner, the
reinsurance intermediary shall make restitution to the insurer, reinsurer,
rehabilitator, or liquidator of the insurer or reinsurer for net losses incurred by the
insurer or reinsurer attributable to the violation. (3) Nothing contained in this section shall affect the right of the commissioner to impose any other penalties provided in this chapter. (4) Nothing contained in KRS 304.9-700 to 304.9-759 is intended to or shall in any manner limit or restrict the rights of policyholders, claimants, creditors, or third
parties. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1089, effective July 15, 2010. -- Created 1992 Ky. Acts ch. 155, sec. 10, effective July 14, 1992.
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