Section 304.20-350 - Penalties for violations of KRS 304.20-320 to this sectionIf the commissioner determines that:
(1) An insurer has violated KRS 304.20-320, 304.20-330 or 304.20-340, the commissioner may require the insurer to: (a) Accept the application or written request for insurance coverage at a rate and on the same terms and conditions as are available to other risks similarly situated;(b) Reinstate insurance coverage to the end of the policy period; or(c) Continue insurance coverage at a rate and on the same terms and conditions as are available to other risks similarly situated;(2) Any person has violated any provisions of KRS 304.20-320 to this section, the commissioner may: (a) Issue a cease and desist order to restrain such person from engaging in practices which violate KRS 304.20-320 to this section;(b) Suspend or revoke such person's license or certificate of authority;(c) Assess a civil penalty against such person pursuant to KRS 304.99-020; or(d) Take any combination of the actions specified in this section.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 1314, effective7/15/2010. -- Created 1986 Ky. Acts ch. 426, sec. 6, effective 7/15/1986.