2019 Kentucky Revised Statutes
Chapter 304 - Insurance code
Subtitle 304.15 - Life Insurance and Annuity Contracts
304.15-709 Remedies of department and of persons damaged by life settlement violations.


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304.15-709 Remedies of department and of persons damaged by life settlement violations. (1) (2) In addition to the penalties and other enforcement provisions of KRS 304.15-020, 304.15-700 to 304.15-720, 304.42-190, and 304.99-126, if any person violates any provision of KRS 304.15-020, 304.15-700 to 304.15-720, 304.42-190, and 304.99126, or any administrative regulations promulgated under KRS 304.15-020, 304.15700 to 304.15-720, 304.42-190, and 304.99-126, the department may seek an injunction in Franklin Circuit Court or in the Circuit Court of the county where the person resides or has a principal place of business and may apply for temporary and permanent orders that the department determines necessary to restrain the person from committing the violation. Any person damaged by the acts of a person in violation of any provision of KRS 304.15-020, 304.15-700 to 304.15-720, 304.42-190, and 304.99-126 may bring a civil action against the person in the Circuit Court of the county in which the alleged violator resides, or has a principal place of business, or in the county where the alleged violation occurred. Effective: July 15, 2010 History: Amended 2010 Ky. Acts ch. 24, sec. 1193, effective July 15, 2010. -- Created 2000 Ky. Acts ch. 472, sec. 8, effective July 14, 2000.
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