{"data":{"id":"us-ky/krs-304.99-126","jurisdiction":"us-ky","citation":"KRS 304.99-126","heading":"Licensee's duties following suspension or revocation of license -- Civil","body":"fines -- Referral to Division of Insurance Fraud Investigation.\n(1) When a license issued under KRS 304.15-700 is suspended or revoked, the licensee,\nif the commissioner directs, shall proceed, immediately following the effective date\nof the suspension or revocation to conclude the affairs it is transacting under its\nlicense. The licensee shall not solicit, negotiate, advertise, or effectuate new\ncontracts. The department shall  retain jurisdiction over the licensee and trust until\nall life contracts have been fulfilled or canceled or have expired.\n(2) During the suspension or revocation period in which the licensee is concluding\nexisting contracts, the licensee shall continue to  comply with KRS 304.15 -020,\n304.15-700 to 304.15-720, and 304.42-190 and this section as if the license were in\nforce.\n(3) Any person who violates any provisions of KRS 304.15-020, 304.15-700 to 304.15-\n720, and 304.42 -190 and this section shall be subject  to civil fines by the\ncommissioner in an amount not less than one thousand dollars ($1,000) and not\nmore than twenty-five thousand dollars ($25,000). Each violation shall constitute a\nseparate offense.\n(4) The department shall refer violations to the Divi sion of Insurance Fraud\nInvestigation for further investigation, and, if appropriate, the Division of Insurance\nFraud Investigation shall proceed as set forth in KRS 304.47-050(5).","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=30297","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:01Z","sha256":"d3638883e7341856f54b573c069fb9e7236c2d1076fbbb72eb9bff026ec8d3e1","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.99-125","next":"us-ky/krs-304.99-130"},"notice":"GroundRules: Original legal text. Not legal advice."}