(1) Any person acting pursuant to Subtitle 45 of this chapter who violates any applicable provision of this chapter or other applicable insurance laws shall be subject to suspension or revocation of licenses, certificates of authority, or permission to do business in this state, imposition of civil penalties of up to ten thousand dollars ($10,000) per violation, or both. The penalties prescribed in this subsection may be imposed through administrative proceedings in the Department of Insurance, an action, or such other proceedings specified by law. Any civil penalty not paid may be recovered in an action brought thereon in the name of the Commonwealth of Kentucky in any court of appropriate jurisdiction.
(2) This section applies to Subtitle 45 of this chapter.

Terms Used In Kentucky Statutes 304.99-150

  • Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1663, effective July 15, 2010. — Amended 1990 Ky. Acts ch. 165, sec. 12, effective July 13, 1990. — Created 1986
Ky. Acts ch. 308, sec. 14, effective July 15, 1986.

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