KRS 304.3-220: Duration of suspension -- Insurer's obligation during suspension period -

- Reinstatement.

(1) Suspension of an insurer's certificate of authority shall be for such period as the

commissioner specifies in the order of suspension, but not to exceed on e (1) year.

During the suspension the commissioner may rescind or shorten the suspension by

his or her further order.

(2) During the suspension period the insurer shall not solicit or write any new business

in this state, but shall file its annual statemen t, pay fees, licenses, and taxes as

required, and may service its business already in force in this state, as if the

certificate of authority had continued in full force.

(3) Upon expiration of the suspension period, if within such period the certificate o f

authority has not terminated, the insurer's certificate of authority shall be

automatically reinstated unless the commissioner finds that the causes of the

suspension have not terminated, or that the insurer is otherwise not in compliance

with the requir ements of this code, and of which the commissioner shall give the

insurer notice not less than thirty (30) days in advance of the expiration of the

suspension period. If not so automatically reinstated the certificate of authority shall

be deemed to have terminated as of the end of the suspension period.

(4) Upon reinstatement of the insurer's certificate of authority, the authority of its

agents in this state to represent the insurer shall likewise be reinstated. The

commissioner shall promptly notify the insurer and its agents in this state of record

in the department, of such reinstatement. If pursuant to subsection (3) of KRS

304.3-210, the commissioner has published notice of such suspension he or she

shall in like manner publish notice of the reinstatement.