Civil penalties

(1) For any violation of this code where the commissioner has the power to revoke or suspend a license or certificate of authority, the commissioner may in lieu thereof or in addition to such revocation or suspension impose a civil penalty against the violator of not more than the following: (a) In the case of an insurer, a fraternal benefit society, nonprofit hospital, medical-surgical, dental, and health service corporation, or health maintenance organization, ten thousand dollars ($10,000) per violation; (b) In the case of an agent, surplus lines broker, rental vehicle agent, rental vehicle agent managing employee, or reinsurance intermediary broker or manager, one thousand dollars ($1,000) per violation; and (c) In the case of an adjuster, administrator, life settlement broker, life settlement provider, or consultant, two thousand dollars ($2,000) per violation. (2) The civil penalties authorized under subsection (1) of this section may be recovered in an action brought in the name of the Commonwealth of Kentucky in any court of appropriate jurisdiction. (3) In any court action with respect to a civil penalty, the court may review the penalty as to both liability and reasonableness of amount.