{"data":{"id":"us-ky/krs-304.99-055","jurisdiction":"us-ky","citation":"KRS 304.99-055","heading":"Penalties for violation of KRS 304.3-620.","body":"Any insurer failing, without just cause, to timely file the ORSA Summary Report as\nrequired by KRS 304.3-620 shall be required, after notice and hearing, to pay a penalty of\none hundred dollars ($100) for each day's delay. The maximum penalty under this section\nis one thousand dollars ($1,000). The commissioner may reduce the penalty if the insurer\ndemonstrates to the commissioner that the imposition of the penalty would constitute a\nfinancial hardship to the insurer.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=43956","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:00Z","sha256":"3046d51c1be1456624bb075de4a7807e496f74a6f41558d116479f6ade9538bf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.99-050","next":"us-ky/krs-304.99-060"},"notice":"GroundRules: Original legal text. Not legal advice."}