A consultant is obligated, under his license, to serve with objectivity and complete loyalty the interests of his client alone; and to render his client such information, counsel and service, as within the knowledge, understanding and opinion in good faith of the licensee, as will best serve the client’s insurance or annuity needs and interests.
Effective: June 18, 1970
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Terms Used In Kentucky Statutes 304.9-360

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.

History: Created 1970 Ky. Acts ch. 301, subtit. 9, sec. 36, effective June 18, 1970.

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