KRS 304.4-040: Revocation of authority for failure to pay.

(1) As used in this section, "licensee" means an individual or entity that holds a license

issued by the commissioner or department.

(2) The commissioner may revoke the certificate of authority of any insurer which fails

to pay when due any taxes, fees, licenses, and other charges owing to this state. The

commissioner may likewise revoke the license of any licensee as to whom any tax

or fee required under this chapter has not been paid when due.