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State statute · Kentucky

Agents, Consultants, Solicitors and Adjusters

KRS Chapter 304, Subtitle 9, selected sections

Publisher
Kentucky Legislative Research Commission
Edition
Kentucky Revised Statutes, current through the 2025 regular session
Last checked
2026-08-31
Status
US state statute
Edition and licensing notes

Publisher. Kentucky Legislative Research Commission (apps.legislature.ky.gov)

Status. US state statute; public domain.

Read the official textPractice questions from this source

What this document is

KRS Chapter 304, Subtitle 9 - Agents, Consultants, Solicitors and Adjusters (selected sections) is a state statute published by Kentucky Legislative Research Commission (apps.legislature.ky.gov). It is one of the Kentucky documents that insurance license exam questions are written from, including kentucky life & health, kentucky property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

  • KRS § 304.9-051(1)(b) (Administrator Definition - Persons Excluded)
    “The following are not considered to be acting as an administrator: 1. An employer acting on behalf of its employees or the employees of one (1) or more subsidiary or affiliated corporations of the employer; 2. A union on behalf of its members; 3. An insurer, which is acting as the insurer with...”
  • KRS § 304.9-052(1) (Administrator license requirement)
    “No individual or business entity shall in this state be, act as, or hold himself or herself out to be an administrator unless then licensed as an administrator by the commissioner.”
  • KRS § 304.9-020(3) (Subtitle 9 definition of appointment renewal)
    “"Appointment renewal" means continuation of an insurer's existing appointment based on payment of the required fee without submission of an appointment form;”
  • KRS § 304.9-020(2) (Subtitle 9 definition of appointment)
    “(2) "Appointment" means a notification filed with the insurance department that an insurer has established an agency relationship with a producer;”
  • KRS § 304.9-030(2)(a) (Available Agent Licenses - Life Line of Authority)
    “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, benefits for disability income, and benefits for paid family leave;”
  • KRS § 304.9-030(1) (Issuance of Agent License Unless Denied)
    “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.”
  • KRS § 304.9-020(28) (Subtitle 9 definition of terminate)
    “"Terminate" means the cancellation of the relationship between an insurance producer and the insurer or the termination of an insurance producer's authority to transact insurance;”
  • KRS § 304.9-054(2)(c) (Payment in Lieu of Serving a Suspension)
    “In lieu of serving part or all of the days of any suspension period determined under paragraph (b) of this subsection, the commissioner may permit a licensee to pay a sum of one thousand dollars ($1,000) per day not to exceed two hundred fifty thousand dollars ($250,000).”
  • KRS § 304.9-053(2) (Pharmacy benefit manager license application)
    “A person seeking a pharmacy benefit manager license shall apply to the commissioner in writing on a form provided by the department. (b) The application shall include: 1. The name, address, official position, and professional qualifications of each individual responsible for the conduct of affairs...”
  • KRS § 304.9-054(2)(d) (Reapplication After License Denial or Revocation)
    “If a pharmacy benefit manager license is denied or revoked, the previous applicant or licensee may make a new application not earlier than one (1) full year after the date on which the denial or revocation became final.”
  • KRS § 304.9-030(3) (Lines of Authority - Variable Products Prerequisite)
    “A resident applicant for a variable life and variable annuities line of authority shall hold an active life line of authority.”
  • KRS 304.9-020(14) (Definitions for subtitle -- "Negotiate")
    “(14) "Negotiate": (a) Means the act of conferring directly with, or offering advice directly to, a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms, or conditions of the contract, provided that the person engaged in that act...”

Practice this material

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Questions about this source

KRS Chapter 304, Subtitle 9 - Agents, Consultants, Solicitors and Adjusters (selected sections) is a state statute published by Kentucky Legislative Research Commission (apps.legislature.ky.gov). Edition: Kentucky Revised Statutes, current through the 2025 regular session.

No. This page summarizes the document and links to the official version. Always rely on the text published by Kentucky Legislative Research Commission (apps.legislature.ky.gov) for the current law.

Practice questions for Kentucky Life & Health, Kentucky Property & Casualty cite this document.

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