{"data":{"id":"us-ky/krs-304.9-745","jurisdiction":"us-ky","citation":"KRS 304.9-745","heading":"Suspension or revocation of license -- Imposition of penalties.","body":"(1) The license of a reinsurance intermediary may be suspended or revoked, civil\npenalties imposed in the amount applicable to agents under KRS 304.99 -020,\nconditions imposed on the license, or any combination thereof, on the grounds set\nforth in KRS 304.9-440.\n(2) If a reinsurance intermediary violates any provision of this chapter or any other\nstatute or administrative regulation administered by the commissioner, the\nreinsurance intermediary shall make restitution to the insurer, reinsurer,\nrehabilitator, or liquidator of the insurer or reinsurer for net losses incurred by the\ninsurer or reinsurer attributable to the violation.\n(3) Nothing contained in this section shall affect the right of the commissioner to\nimpose any other penalties provided in this chapter.\n(4) Nothing contained in KRS 304.9 -700 to 304.9 -759 is intended to or shall in any\nmanner limit or restrict the rights of policyholders, claimants, creditors, or third\nparties.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=16978","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:41Z","sha256":"7c000daf4e850761034425bc0f3996d8043cd7757399b9ef61b9076c2a71170f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.9-740","next":"us-ky/krs-304.9-750"},"notice":"GroundRules: Original legal text. Not legal advice."}