Ky. Rev. Stat. § 342.267
Current through Acts Received April 24, 2024
If an insurance carrier, self-insured group, or self-insured employer providing workers' compensation coverage engages in claims settlement practices in violation of this chapter, or the provisions of KRS 304.12-230, the commissioner of the Department of Workers' Claims shall fine the insurance company, self-insured group, or self-insured employer the sum of one thousand dollars ($1,000) to five thousand dollars ($5,000) for each violation and if they have a pattern of violations, the commissioner may revoke the certificate of self-insurance or request the commissioner of insurance to revoke the certificate of authority of the insurance carrier or the self-insured group.
KRS 342.267
Amended 2010, Ky. Acts ch. 24, sec. 1809, effective7/15/2010. --Amended 2005, Ky. Acts ch. 7, sec. 40, effective 3/1/2005. -- Created 1996, (1st Extra. Sess.) Ky. Acts ch. 1, sec. 80, effective 12/12/1996.