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304.2-360 Order on hearing.
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In the conduct of hearings under this code and making a final order thereon,
the commissioner shall act in a quasijudicial capacity and in accordance with
the provisions of this chapter and KRS Chapter 13B.
With respect to hearings held concerning merger, consolidation, bulk
reinsurance, conversion, affiliation, or change of control of a domestic insurer
as provided in Subtitle 24, or in Subtitle 37 of this chapter, where notice of the
hearing was given to all stockholders and policyholders or to all stockholders of
an insurer involved, the commissioner is required to give a copy of the order on
hearing to the corporation and insurer parties, to intervening parties, to a
reasonable number of stockholders or policyholders as representative of the
class, and to other parties only upon written request of such parties.
A final order may require that restitution be made to any person aggrieved by a
violation of any provisions of this chapter, any statute administered by the
commissioner, or any regulation of the commissioner.
An order prepared by the commissioner's designee and approved in writing by
the commissioner shall be considered the commissioner's order.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 952, effective July 15, 2010. -Amended 2004 Ky. Acts ch. 24, sec. 4, effective July 13, 2004. -- Amended
1996 Ky. Acts ch. 318, sec. 229, effective July 15, 1996. -- Amended 1986 Ky.
Acts ch. 437, effective July 15, 1986. -- Created 1970 Ky. Acts ch. 301, subtit. 2,
sec. 36, effective June 18, 1970.
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