There is a newer version of the Kentucky Revised Statutes
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2011 Kentucky Revised Statutes
Subtitle 99. Penalties
304.99.140 Penalties for violation of Subtitle 30.


KY Rev Stat § 304.99.140 (1996 through Reg Sess) What's This?
Download pdf

304.99-140 Penalties for violation of Subtitle 30. (1) (2) Any person who shall engage in the business of financing insurance premiums in this state without obtaining a license as provided by KRS 304.30-030(1) shall, upon conviction by a court of competent jurisdiction, be guilty of a misdemeanor and shall be subject to a fine of not more than one thousand dollars (,000) or be imprisoned not more than one (1) year, or both. In lieu of or in addition to revoking or suspending the license of an insurance premium finance company for any of the causes enumerated in KRS 304.30-050, after a hearing as provided in KRS 304.30-050 the commissioner may subject such company to a penalty of not more than one thousand dollars (,000) for each offense. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1662, effective July 15, 2010. -- Created 1982 Ky. Acts ch. 320, sec. 49, effective July 15, 1982.

Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.