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KRS 304.50-150

Unfair business practices prohibited -- Responses to inquiries from commissioner within 15 days

Effective: July 15, 2010 History: Amended 2010 Ky

(1) A person shall not:

(a) Make any deceptive statement or omit material facts in connection with solicitation for membership in a workers' compensation self-insured group; or (b) Guarantee the payment of dividends or use statements or words in, or in connection with, any coverage which imply that the payment of dividends is guaranteed to occur.

(2) A workers' compensation self-insured group shall not engage in unfair business practices as defined by KRS Chapter 342, and shall:

(a) Respond to an inquiry from the commissioner on matters other than workers' compensation claims within fifteen (15) working days of receipt of such inquiry; and (b) Respond to an inquiry from the commissioner of the Department of Workers' Claims on matters concerning workers' compensation claims within fifteen (15) working days of receipt of such inquiry.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.