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Kentucky Revised Statutes (Last Updated: May 10, 2014) |
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TITLE XXV. BUSINESS AND FINANCIAL INSTITUTIONS |
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CHAPTER 304. INSURANCE CODE |
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Subtitle 9. Agents, Consultants, Solicitors and Adjusters |
9-010. Application of subtitle. |
9-020. Definitions for subtitle. |
9-030. Available insurance agent licenses. |
9-035. Insurer liable for acts of its agents. |
9-040. "Consultant" defined. |
9-050. Repealed, 2000. [Repealed] |
9-051. Definitions for KRS 304.9-052 and 304.9-371 to 304.9-377. |
9-052. Administrator -- License requirements -- Service of process. |
9-060. Repealed, 2000. [Repealed] |
9-070. Repealed, 2010. [Repealed] |
9-080. Licensure requirements -- Forms. |
9-085. Managing general agent -- License -- Duties. |
9-090. Exceptions to licensure requirements. |
9-100. Purpose of license -- "Controlled business" -- Exceptions. |
9-105. General qualifications for agent license. |
9-107. Persons exempt from provisions of KRS 304.9-105(1)(e)1. and 2. -- Administrative regulations. |
9-110. Repealed, 1978. [Repealed] |
9-120. Licensure of residents as agents. |
9-130. Licensing of business entities as agents. |
9-133. Individuals designated to act under business entity license -- Filing of designation notice -- Exercise of license -- Responsibility of insurer for acts of designated individuals. |
9-135. Requirements for financial institutions engaging in insurance agency activities -- Administrative regulations -- Activities of officers or employees of financial institution. |
9-136. Repealed, 2002. [Repealed] |
9-140. Licensure of nonresidents as agents. |
9-142. Repealed, 2002. [Repealed] |
9-150. Application for license issued under this subtitle, surplus lines broker license, life settlement broker license, or life settlement provider license. |
9-160. Examination for license -- Application for examination. |
9-170. Exemptions from prelicensing education or examination. |
9-180. Scope of examination -- Reference material. |
9-190. Conduct of examinations. |
9-200. Contents of license -- Change of address -- Refundability of fees. |
9-210. Specific contents of agent's and consultant's licenses. |
9-220. Repealed, 2000. [Repealed] |
9-230. Limited line licenses -- Prelicensing requirements. |
9-240. Insurance vending machines. |
9-250. Authority under license -- Assignability. |
9-260. Continuation and expiration of license -- Receipt of renewal fees -- Continuing education documentation. |
9-270. Appointment of agents -- Criminal background check -- Continuation -- Permitted and prohibited actions by agents and insurers. |
9-280. Termination of licensee's appointment -- Notice requirements -- Civil immunity -- Confidential and privileged information -- Commissioner's use of information. |
9-290. Rights of agent following termination of appointment. |
9-295. Biennial continuing education requirements for licensed agents and independent and public adjusters -- Exceptions -- Courses -- Number of hours -- Failure to complete -- Penalty. |
9-300. Temporary license as agent -- Conditions -- Sponsor may be required. |
9-310. Temporary licenses -- Rights and limitations. |
9-320. Qualifications for license as consultant -- Coverage of consultant license. |
9-330. Consultant to file proof of liability insurance -- Consultant's deposit of cash or bond. |
9-340. Repealed, effective July 15, 1982. [Repealed] |
9-350. Compensation of agent operating under a disclosure agreement -- Requirements. |
9-360. Obligation to serve interest of client. |
9-370. Service of process against nonresident licensee under this subtitle or surplus lines broker. |
9-371. Written agreement of administrator. |
9-372. Payments to administrator. |
9-373. Books and records maintained by administrator -- Access by commissioner. |
9-374. Administrator's use of advertising. |
9-375. Fiduciary accounts. |
9-376. Claims paid on behalf of insurer -- Compensation of administrator. |
9-377. Written notice to insureds when administrator's services utilized. |
9-380. Repealed, 2000. [Repealed] |
9-390. Place of agent's business -- Display of licenses -- Records. |
9-400. Reporting and accounting for premiums. |
9-410. Exchange of business -- Excess or rejected risks -- Regulation of volume of business by commissioner. |
9-420. Repealed, effective July 13, 1984. [Repealed] |
9-421. Sharing of commissions prohibited. |
9-425. Payment or acceptance of commission, brokerage, or other valuable consideration -- Exception. |
9-432. Apprentice adjuster -- License -- Rights and limitations -- Application -- Qualifications -- Terms and conditions. |
9-433. Contract between public adjuster and insured -- Contents -- Duties of public adjuster. |
9-434. Repealed, 2000. [Repealed] |
9-435. Records to be maintained by public adjusters. |
9-436. Authorized insurer prohibited from doing business in Kentucky with unlicensed adjuster or administrator. |
9-440. Probation, suspension, revocation, and refusal of license -- Grounds -- Penalty. |
9-450. Procedure following suspension, revocation, nonrenewal, or denial of license. |
9-455. Repealed, 2000. [Repealed] |
9-460. Return of license to commissioner. |
9-465. Denial or suspension of license or appointment -- Conditional license -- Hearing. |
9-467. Notification of surrender or termination of license -- Report of administrative action -- Notification of service of complaint or indictment -- Documentation of resolution. |
9-470. Prohibited practices in replacement or repair of automobile glass -- Penalties. |
9-475. Travel insurance offered by travel retailer on behalf of limited lines travel insurance producer -- Requirements. |
9-480. Repealed, 2005. [Repealed] |
9-485. Repealed, 2010. [Repealed] |
9-490. Repealed, 2002. [Repealed] |
Rental Vehicle Insurance |
9-501. Repealed, 2010. [Repealed] |
9-503. Repealed, 2010. [Repealed] |
9-505. License for business entity to act as rental vehicle agent -- Registration fee and licensed managing employee for each business location -- Application and qualifications for license. |
9-507. Conditions under which license authorizes employee or representative to transact business -- Licensee may not hold self out as insurance agent without applicable license. |
9-509. Consumer protection disclosures to be included with rental vehicle agreement. |
9-511. Rental vehicle agent may not handle insurance that is not sold in conjunction with rental vehicle transaction. |
9-513. Repealed, 2010. [Repealed] |
Reinsurance Intermediaries |
9-700. Definitions for KRS 304.9-700 to 304.9-759. |
9-705. Reinsurance intermediary license required -- Exemption. |
9-710. Written authorization between reinsurance intermediary broker and an insurer. |
9-715. Records of transactions of reinsurance intermediary brokers. |
9-720. Insurers required to engage services of only licensed reinsurance intermediary brokers. |
9-725. Minimum contract provisions. |
9-730. Certain actions by reinsurance intermediary managers prohibited. |
9-735. Reinsurers required to engage services of only licensed reinsurance managers. |
9-740. Examination of reinsurance intermediaries. |
9-745. Suspension or revocation of license -- Imposition of penalties. |
9-750. Administrative regulations. |
9-759. Short title for KRS 304.9-700 to 304.9-759. |
Portable Electronics Insurance |
9-780. Portable electronics insurance retailer license -- Duties of supervising entity -- Qualifications and application for license -- Penalties. |
9-782. Conditions under which license authorizes employee or representative to sell portable electronics insurance -- Restrictions on licensees. |
9-784. Duty to disclose information regarding portable electronics insurance coverage -- Standards -- Billing and collection of charges -- Notice and correspondence. |