{"data":{"id":"us-ky/krs-304.48-220","jurisdiction":"us-ky","citation":"KRS 304.48-220","heading":"Suspension or revocation of certificate of filing.","body":"(1) The commissioner may suspend or revoke any certificate of filing issued to a\nliability self-insurance group under this subtitle if the commissioner finds that any\nof the following conditions exist:\n(a) The liability self-insurance group is operating significantly in contravention of\nits basic organizational document or in a manner contrary to that described in\nand reasonably inferred from any other information submitted under this\nsubtitle, unless amendments to the submissions have been filed with and\napproved by the commissioner;\n(b) The liability self-insurance group is no longer financially responsible and may\nreasonably be expected to be unable to meet its obligations to participants or\nprospective participants;\n(c) The liability self-insurance group, or any person at its direction, has advertised\nor merchandised its services in an untrue, misrepresentative, misleading,\ndeceptive, or unfair manner;\n(d) The liability self -insurance group has engaged in any unfair or deceptive\npractices under its certificate of filing; or\n(e) The liability self -insurance group has failed to correct a violation of this\nsubtitle or the administrative regulations adopted thereunder, within a\nreasonable time period established by the commissioner in administrative\nregulations.\n(2) A certificate of filing shall be suspended or revoked only after compliance with the\nhearing procedure set forth in KRS 304.2-310 to 304.2-370.\n(3) When a certificate of filing of a liability self -insurance group is suspended, the\ngroup shall not, durin g the period of suspension, enroll any new participants and\nshall not engage in any advertising or solicitation.\n(4) If the certificate of filing of a liability self -insurance group is revoked, the group\nshall proceed, immediately following the effective date of the order of revocation, to\nwind up its affairs, and shall conduct no further business except as may be essential\nto the orderly conclusion of the affairs of the organization. It shall engage in no\nfurther advertising or solicitation. The commission er may, by written order, prevent\nfurther operation of the group as he or she may find to be in the best interest of the\nparticipants, to the end that the participants will be afforded the greatest practical\nopportunity to obtain liability coverage elsewhe re. If the commissioner permits\nfurther operation, the liability self -insurance group shall continue to collect the\ncontributions and assessments required of participants.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=30213","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:59Z","sha256":"08873f8d701aaca5eb8b748cb491a58114a29faf2ebe2ef4375632381b3561ca","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.48-210","next":"us-ky/krs-304.48-230"},"notice":"GroundRules: Original legal text. Not legal advice."}