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304.17A-844 Prohibited activities -- Penalties.
(1) After a hearing or upon agreement by the self-insured employer-organized
association group, the commissioner may suspend or revoke the certificate of filing <br>of a self-insured employer-organized association group, impose a civil penalty of up <br>to five thousand dollars ($5,000) per violation on a self-insured employer-organized <br>association group, or both, for: <br>(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; <br>(c) Operating in a financially hazardous manner; <br>(d) Misappropriation, conversion, illegal withholding, or refusal to pay over upon
proper demand any moneys that belong to a member, an employee of a <br>member, or a person otherwise entitled thereto by the group or its <br>administrator; or
(e) Unfair or deceptive business practices.
(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 self-insured <br>employer-organized association group upon the commencement of the following <br>proceedings: <br>(a) Receivership; <br>(b) Conservatorship; <br>(c) Rehabilitation; or <br>(d) Other delinquency proceedings.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 1271, effective July 15, 2010. -- Created
2003 Ky. Acts ch. 78, sec. 23, effective June 24, 2003.
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