{"data":{"id":"us-ky/krs-304.3-190","jurisdiction":"us-ky","citation":"KRS 304.3-190","heading":"Suspension or revocation of certificate of authority -- Mandatory","body":"grounds.\n(1) The commissioner shall refuse to continue or shall suspend or revoke an insurer's\ncertificate of authority:\n(a) If the action is required by any provision of this code; or\n(b) If a foreign or alien insurer and it no longer meets the requirements for a\ncertificate of authority, as required for domestic insurers, on account of\ndeficiency of capital or surplus or otherwise; or\n(c) If a domestic insurer and it has failed to cu re an impairment of capital, if a\nstock insurer, or minimum required surplus, if other than a stock insurer,\nwithin the time allowed therefor by the commissioner under this code or is\notherwise no longer qualified for the certificate of authority; or\n(d) If the insurer's certificate of authority to transact insurance therein is\nsuspended or revoked by its state or country of domicile.\n(2) Except in case of insolvency or impairment of required capital or surplus, or\nsuspension or revocation by another state or country as referred to in paragraph (d)\nof subsection (1) of this section, the commissioner shall give the insurer at least\ntwenty (20) days notice in advance of any refusal, suspension, or revocation under\nthis section, and of the particulars of the re asons therefor. If the insurer requests a\nhearing thereon within the twenty (20) days, a hearing shall be conducted in\naccordance with KRS Chapter 13B, and the request shall automatically stay the\ncommissioner's proposed action until his or her final order is made on the hearing.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=16716","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:37Z","sha256":"8364eb5102c82252a831924e7b673982a4ddf6e973bb92eb54c7f652aa245d1f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.3-180","next":"us-ky/krs-304.3-200"},"notice":"GroundRules: Original legal text. Not legal advice."}