Section 304.50-150 - Unfair business practices prohibited - Responses to inquiries from commissioner within 15 days(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.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1647, effective7/15/2010. -- Created 2005, Ky. Acts ch. 7, sec. 30, effective 3/1/2005.