KRS 304.47-025: Felony offense involving dishonesty or breach of trust -- Fraudulent

insurance act -- Penalties.

(1) Any person who has been convicted of any felony offense involving dishonesty or a

breach of trust, or who has been convicted of a fraudulent insura nce act under this

subtitle, and who knowingly engages or participates in the business of insurance in

this Commonwealth, shall be guilty of a Class D felony.

(2) Any insurer that knowingly permits the participation in the business of insurance in

this Com monwealth by a person who has been convicted of any felony offense

involving dishonesty or a breach of trust, or who has been convicted of a fraudulent

insurance act under this subtitle, shall be guilty of a criminal violation.

(3) Any person who has been convicted of any felony offense involving dishonesty or a

breach of trust, or who has been convicted of a fraudulent insurance act under this

subtitle, may engage in the business of insurance in this Commonwealth if he or she

has received written consent f rom the commissioner, and that consent specifically

refers to this subsection.