KRS 304.12-190: Illegal dealing in premiums.

(1) No person shall willfully collect any sum as premium or charge for insurance,

which insurance is not then provided or is not in due course to be provided (subject

to acceptance of the risk by the insurer) by an insurance policy issued by an insurer

as authorized by this code.

(2) No person shall willfully collect as premium or charge for insurance any sum in

excess of the amount actually expended or in due course to be expended for

insurance applicable to the subject on account of which the premium was coll ected

or charged.

(3) No person shall willfully or knowingly fail to return to the person entitled thereto

within a reasonable time any sum collected as premium or charge for insurance in

excess of the amount actually expended for insurance, or for medical examination

in the case of life insurance, applicable to the subject on account of which the

premium or charge was collected.

(4) Each violation of this section shall be punishable as provided in Subtitle 99.