Skip to main content
Find a Lawyer

Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.20-350.Penalties for violations of KRS 304.20-320 to this section

Current as of January 01, 2021 | Updated by FindLaw Staff

If the commissioner determines that:

(1) An insurer has violated KRS 304.20-320, 304.20-330 or 304.20-340, the commissioner may require the insurer to:

(a) Accept the application or written request for insurance coverage at a rate and on the same terms and conditions as are available to other risks similarly situated;

(b) Reinstate insurance coverage to the end of the policy period; or

(c) Continue insurance coverage at a rate and on the same terms and conditions as are available to other risks similarly situated;

(2) Any person has violated any provisions of KRS 304.20-320 to this section, the commissioner may:

(a) Issue a cease and desist order to restrain such person from engaging in practices which violate KRS 304.20-320 to this section;

(b) Suspend or revoke such person's license or certificate of authority;

(c) Assess a civil penalty against such person pursuant to KRS 304.99-020; or

(d) Take any combination of the actions specified in this section.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.20-350.Penalties for violations of KRS 304.20-320 to this section - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-20-350/

Read this complete Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.20-350.Penalties for violations of KRS 304.20-320 to this section on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Kentucky Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

    More Options
    Copied to clipboard