There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 32. Nonprofit Hospital, Medical-Surgical, Dental and Health Service Corporations
304.32.235 Suspension or revocation of certificate of authority.
Download pdfexcept newborn children or other newly acquired dependents of existing subscribers
or members, and shall not engage in any advertising or solicitation whatsoever. (2) If the certificate of authority of a corporation is revoked, the corporation shall proceed, immediately following the effective date of the order of revocation, to
wind up its affairs, and shall conduct no further business except as may be essential
to the orderly conclusion of the affairs of the corporation. It shall engage in no
further advertising or solicitation whatsoever. The commissioner may, by written
order, permit further operation of the corporation as the commissioner may find to
be in the best interest of subscribers or members, to the end that subscribers or
members will be afforded the greatest practical opportunity to obtain continuing
coverage. If the commissioner permits further operation, the corporation shall
continue to collect the dues and fees required of subscribers or members. Effective: July 13, 2004
History: Created 2004 Ky. Acts ch. 24, sec. 36, effective July 13, 2004.
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