KRS 304.17A-844: Prohibited activities -- Penalties.

(1) After a hearing or upon agreement by the self -insured employer -organized

association group, the commissioner may suspend or revoke the certificate of filing

of a self-insured employer-organized association group, impose a civil penalty of up

to five thousand dollars ($5,000) per violation on a self-insured employer-organized

association group, or both, for:

(a) Violations of KRS 304.12 -237, 304.17A -800 to 304.17A -844, or

administrative regulations promulgated thereunder;

(b) Obtaining a certificate of filing by unfair or deceptive means;

(c) Operating in a financially hazardous manner;

(d) Misappropriation, conversion, illegal withholding, or refusal to pay over upon

proper demand any moneys that belong to a member, an employee of a

member, or a person other wise entitled thereto by the group or its

administrator; or

(e) Unfair or deceptive business practices.

(2) The commissioner, in his or her discretion and without advance notice or a hearing

thereon, may suspend or revoke the certificate of filing of any s elf-insured

employer-organized association group upon the commencement of the following

proceedings:

(a) Receivership;

(b) Conservatorship;

(c) Rehabilitation; or

(d) Other delinquency proceedings.