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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) A person shall not:
(a) Make any deceptive statement or omit material facts in connection with solicitation for membership in a workers' compensation self-insured group; or
(b) Guarantee the payment of dividends or use statements or words in, or in connection with, any coverage which imply that the payment of dividends is guaranteed to occur.
(2) A workers' compensation self-insured group shall not engage in unfair business practices as defined by KRS Chapter 342, and shall:
(a) Respond to an inquiry from the commissioner on matters other than workers' compensation claims within fifteen (15) working days of receipt of such inquiry; and
(b) Respond to an inquiry from the commissioner of the Department of Workers' Claims on matters concerning workers' compensation claims within fifteen (15) working days of receipt of such inquiry.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.50-150.Unfair business practices prohibited; responses to inquiries from commissioner within 15 days - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-50-150/
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 before relying on it for your legal needs.
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