Section 304.99-151 - Penalties for violation of KRS 304.37-130(5) and 304.37-120(1) Any person who violates a cease and desist order of the commissioner under KRS 304.37-130(5) may, after notice and hearing and upon order of the commissioner, be subject at the discretion of the commissioner to a civil penalty of not more than ten thousand dollars ($10,000) for every day of violation, suspension, or revocation of the person's license or certificate of authority, or both.(2) Any insurer or other person who fails to make any filing required by KRS 304.37-120 and who also fails to demonstrate a good faith effort to comply with any filing requirement shall be subject to a civil penalty of not more than ten thousand dollars ($10,000).Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1664, effective7/15/2010. --Amended 1996, Ky. Acts ch. 326, sec. 5, effective 7/15/1996. -- Created 1992 Ky. Acts ch. 267, sec. 8, effective 7/14/1992.