{"data":{"id":"us-ky/krs-299.180","jurisdiction":"us-ky","citation":"KRS 299.180","heading":"Suspension of company from doing business on failure to pay loss --","body":"Impounding of collections.\nIf the director is satisfied, on investigation, that a company has refused or failed to make a\npayment as required by KRS 299.140 for thirty (30) days after  it became due, and after\nproper demand, he shall notify the company to suspend business until the indebtedness is\nfully paid. While this notice is in force, no officer or agent of the company shall make,\nsign or issue any policy of insurance nor issue any  notice of, nor call upon the members\nfor, payment of an assessment, and all moneys received from any source by the company,\nits agents or officers, shall be forthwith deposited in some bank or trust company pending\na final decision as provided in KRS 299.190.","path":["KRS Chapter 299"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=15839","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:26Z","sha256":"876e04421faba7657d461390d23a584f599c85eeec7e0f0d7cf703df4a68e851","source_id":"us-ky","stale":false,"prev":"us-ky/krs-299.170","next":"us-ky/krs-299.190"},"notice":"GroundRules: Original legal text. Not legal advice."}