Kentucky Statutes 304.9-030 – Available insurance agent licenses
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(1) Unless denied a license according to KRS § 304.9-440, applicants who have met the requirements for the license in accordance with this subtitle, shall be issued the applicable license.
(2) An insurance agent may receive qualification for a license in one (1) or more of the following applicable lines of authority:
(a) Life — insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income;
(b) Health — insurance coverage for sickness, bodily injury, or accidental death and may include benefits for disability income;
(c) Property — insurance coverage for the direct or consequential loss or damage to property of every kind;
(d) Casualty — insurance coverage against legal liability, including that for death, injury, or disability, or damage to real or personal property;
(e) Variable life and variable annuity products — insurance coverage provided under variable life insurance contracts and variable annuities;
(f) Limited line insurance as identified in KRS § 304.9-230;
(g) Personal lines — property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes; and
(h) Any other line of insurance authorized by Kentucky law and deemed by the commissioner appropriate to be issued as a separate line of authority.
(3) A resident applicant for a variable life and variable annuities line of authority shall hold an active life line of authority.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1042, effective July 15, 2010. — Amended 2005 Ky. Acts ch. 143, sec. 3, effective June 20, 2005. — Amended 2002
Ky. Acts ch. 273, sec. 5, effective July 15, 2002. — Amended 2000 Ky. Acts ch. 393, sec. 2, effective July 14, 2000. — Amended 1986 Ky. Acts ch. 437, sec. 11, effective July 15, 1986. — Amended 1982 Ky. Acts ch. 123, sec. 1, effective July 15, 1982. — Created 1970 Ky. Acts ch. 301, subtit. 9, sec. 3, effective June 18, 1970.
(2) An insurance agent may receive qualification for a license in one (1) or more of the following applicable lines of authority:
Terms Used In Kentucky Statutes 304.9-030
- agent: includes managing general agent unless the context requires otherwise. See Kentucky Statutes 304.9-085
- 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.
- Personal property: All property that is not real property.
(a) Life — insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income;
(b) Health — insurance coverage for sickness, bodily injury, or accidental death and may include benefits for disability income;
(c) Property — insurance coverage for the direct or consequential loss or damage to property of every kind;
(d) Casualty — insurance coverage against legal liability, including that for death, injury, or disability, or damage to real or personal property;
(e) Variable life and variable annuity products — insurance coverage provided under variable life insurance contracts and variable annuities;
(f) Limited line insurance as identified in KRS § 304.9-230;
(g) Personal lines — property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes; and
(h) Any other line of insurance authorized by Kentucky law and deemed by the commissioner appropriate to be issued as a separate line of authority.
(3) A resident applicant for a variable life and variable annuities line of authority shall hold an active life line of authority.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1042, effective July 15, 2010. — Amended 2005 Ky. Acts ch. 143, sec. 3, effective June 20, 2005. — Amended 2002
Ky. Acts ch. 273, sec. 5, effective July 15, 2002. — Amended 2000 Ky. Acts ch. 393, sec. 2, effective July 14, 2000. — Amended 1986 Ky. Acts ch. 437, sec. 11, effective July 15, 1986. — Amended 1982 Ky. Acts ch. 123, sec. 1, effective July 15, 1982. — Created 1970 Ky. Acts ch. 301, subtit. 9, sec. 3, effective June 18, 1970.