Download as PDF
304.9-450 Procedure following suspension, revocation, nonrenewal, or denial of
license.
(1)
(2)
(3)
(4)
Upon suspension or revocation of any license the commissioner shall notify the
licensee either in person or by mail addressed to the licensee at his or her address
last of record with the commissioner. Notice by mail shall be deemed effectuated
when so mailed. The commissioner shall give like notice to the insurer represented
by the agent, in the case of an agent's license.
The commissioner shall not again issue a license under this code to or as to any
individual or business entity whose license has been revoked, until after expiration
of one (1) year and thereafter not until the individual or business entity again
qualifies in accordance with the applicable provisions of this code. An individual or
business entity whose license has been revoked twice shall not again be eligible for
any license under this code.
If the license of a business entity is suspended or revoked, no member, officer, or
director of the business entity shall be licensed or be designated in or as to any
license to exercise the powers thereof during the period of the suspension or
revocation, unless the commissioner determines upon substantial evidence that the
member, officer, or director was not personally at fault and did not acquiesce in the
matter on account of which the license was suspended or revoked.
In the event that the action by the commissioner is to nonrenew or to deny an
application for a license, the commissioner shall notify the applicant or licensee and
advise, in writing, the applicant or licensee of the reason for the denial or
nonrenewal of the applicant's or licensee's license. The applicant or licensee may
make written demand upon the commissioner in accordance with KRS 304.2-310.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1075, effective July 15, 2010. -Amended 2000 Ky. Acts ch. 393, sec. 35, effective July 14, 2000. -- Created 1970
Ky. Acts ch. 301, subtit. 9, sec. 45, effective June 18, 1970.
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.
