KRS 342.267: Unfair claims settlement practices -- Penalties.

If an insurance carrier, self -insured group, or self -insured employer providing workers'

compensation coverage engages in claims settlement practices in violation of this chapter,

or the provisions of KRS 304.12 -230, the commissioner of the Department of W orkers'

Claims shall fine the insurance company, self-insured group, or self-insured employer the

sum of one thousand dollars ($1,000) to five thousand dollars ($5,000) for each violation

and if they have a pattern of violations, the commissioner may revok e the certificate of

self-insurance or request the commissioner of insurance to revoke the certificate of

authority of the insurance carrier or the self-insured group.