Kentucky Statutes 304.50-070 – Agent of workers’ compensation self-insured group — License required — Appointment of agent optional
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(1) An agent of a workers’ compensation self-insured group shall be licensed as an agent with casualty line of authority in accordance with Subtitle 9 of this chapter.
(2) Workers’ compensation self-insured groups shall not be required to appoint agents.
Effective: March 1, 2005
History: Created 2005 Ky. Acts ch. 7, sec. 14, effective March 1, 2005.
(2) Workers’ compensation self-insured groups shall not be required to appoint agents.
Terms Used In Kentucky Statutes 304.50-070
- Agent: means an individual or business entity required to be licensed by the Department of Insurance under Subtitle 9 of this chapter, to sell or solicit applications for insurance or to negotiate insurance contracts. See Kentucky Statutes 304.50-015
- Self-insured group: means a group self-insurance fund. See Kentucky Statutes 304.50-015
Effective: March 1, 2005
History: Created 2005 Ky. Acts ch. 7, sec. 14, effective March 1, 2005.