{"data":{"id":"us-ky/krs-304.99-140","jurisdiction":"us-ky","citation":"KRS 304.99-140","heading":"Penalties for violation of Subtitle 30.","body":"(1) Any person who shall engage in the business of financing insurance premiums in\nthis state without obtaining a license as provided by KRS 304.30 -030(1) shall, upon\nconviction by a court of competent jurisdiction, be guilty of a misdemeanor and\nshall be subj ect to a fine of not more than one thousand dollars ($1,000) or be\nimprisoned not more than one (1) year, or both.\n(2) In lieu of or in addition to revoking or suspending the license of an insurance\npremium finance company for any of the causes enumerated in KRS 304.30 -050,\nafter a hearing as provided in KRS 304.30 -050 the commissioner may subject such\ncompany to a penalty of not more than one thousand dollars ($1,000) for each\noffense.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=30299","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:01Z","sha256":"b960083498b5e452a1285fc70489b17594623735fa6f09869c4a94b5d417f431","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.99-130","next":"us-ky/krs-304.99-150"},"notice":"GroundRules: Original legal text. Not legal advice."}