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Current as of January 01, 2024 | Updated by FindLaw Staff
(1) Any private employer who is subject to the provisions of KRS 304.32-300 and who fails to purchase a conversion health insurance policy as required by subsection (1) shall be fined not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000), and each day that a private employer fails to purchase a conversion policy as required herein shall constitute a separate offense.
(2) Any private employer who is subject to the provisions of KRS 304.32-320 and who fails to give to the Department of Insurance the notice therein required shall be fined not less than one hundred dollars ($100) nor more than five hundred dollars ($500). Each day that an employer fails to give notice after the date on which notice is required shall constitute a separate offense.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.99-070.Penalties for violation of KRS 304.32-300 and 304.32-320 - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-99-070/
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