Kentucky
Sharon P. Clark
Kentucky Department of Insurance
P.O. Box 517
Frankfort, Kentucky, 40602
Appointments & Terminations
Yes
Yes
Within 15 days of contract execution or first business submission
Appointments must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier
Yes
Resident Individuals - Producer $40, Resident Individuals - Business Entity $100
Nonresident Individuals, Producer: $50 Nonresident Individuals, Business Entity: $120
Yes
Yes
A producer only requires one appointment with one carrier if affiliated to an agency. Subsequent appointments are unnecessary as the producer can act under the agency appointment for new carriers.
No
Yes
Required. Effective date and is the date supplied on transaction. Must be less than 15 days old.
Yes
Via NIPR Portal
January 8 through March 31 Late renewal runs April 1 through June 30. Renewal fees are doubled in late renewal period
Nonresident Individuals: Producer $50 Nonresident Individuals: Business Entity $120 Resident Individuals: Producer $40 Resident Individuals: Business Entity $100
No
Yes
Yes
Voluntary termination; death; request regulatory review
Yes
Required and is the date supplied on transaction. Must be less than 15 days old
60 days after a license expiration, licensees must obtain new appointments
No fee
No
Notices must be mailed
Licensing
Resident New License Agent: $40 PLUS $40 per LOA Fee AND $50 Exam Fee Resident New License Surplus Lines Broker: $100 Nonresident New License Agent: $50 Nonresident New License Surplus Lines Broker: $100
Resident Renewal Agent: $0 Resident Renewal Agent: $40 Resident Renewal Surplus Lines Broker: $100 Nonresident Renewal Agent; $0 Nonresident Renewal Agent: $50 Nonresident Renewal Surplus Lines Broker: $100
90 days before expiration
Last day of birth month every 2 years based on year of birth
Late renewal allowed up to 60 days after expiration
90 days before expiration
Last day of birth month every 2 years based on year of birth
Late renewal allowed up to 60 days after expiration
No
No
Residence, Business, and Mailing
Agent, Life Settlement Broker, Temporary Agent, Independent Adjuster, Public Adjuster, Staff Adjuster, Reins Intermediary Broker, Reins. Intermediary Manager, Consultant Property & Casualty, Managing General Agent, Life Settlement Provider, Life Agent Registered as Life Settlement Broker, Adjuster, Apprentice Adjuster, Surplus Line Broker, Administrator, Consultant Life & Health, Rental Vehicle Agent, Rental Vehicle Managing Employee, Portable Electronics Insurance Retailer, Insurer, Pharmacy Benefit Manager
Yes
04.9-040 "Consultant" defined. (1) A "consultant" is a person, who as an independent contractor in relation to a client, for fee or compensation other than from an insurer, in any manner advises or purports to advise, any person actually or prospectively insured, or named or to be named as beneficiary, or having or to have any interest in or insured under, an insurance contract or annuity contract, existing or proposed, relative to coverage, advisability, rights, or interests under such contract, or relative to the retention, exchange, surrender, or exercise of rights thereunder. This subsection shall not apply as to an attorney while acting under a license to practice law in this state. (2) A "property and casualty consultant" is a person licensed as a consultant as to property insurance contracts, casualty insurance contracts, health insurance contracts issued by property or casualty insurers, and surety contracts. (3) A "life and health consultant" is a person licensed as a consultant as to life insurance contracts, annuity contracts, and health insurance contracts. Insurers are not required to appoint Brokers per NAIC PLMA
Yes
Classroom or self study
The pre-licensing provider must submit proof of course completion for each applicant to the Department and applicant: a. on Form CPL-01, Certificate of Pre-Licensing Course Completion; or b. through the Department's website, https://bit.ly/39y0kQ2
A pre-licensing course of study is valid for 1 year from the completion date.
An applicant is exempt from pre-license education if the applicant: a. holds a Chartered Life Underwriter (CLU) designation; b. holds a Chartered Property and Casualty Underwriter (CPCU) designation; c. holds a Certified Insurance Counselor (CIC) designation; d. holds a Certified Employee Benefit Specialist(CEBS), Chartered Financial Consultant (ChFC), Certified Financial Planner (CFP), Fellow of the Life Management Institute (FLMI), or Life Underwriter Training Council Fellow (LUTCF) for a life line of authority; e. holds a Registered Health Underwriter (RHU), Certified Employee Benefit Specialist (CEBS), Registered Employee Benefit Consultant (REBC), or Health Insurance Advisor (HIA) designation for a health line of authority; f. holds an Accredited Advisor in Insurance (AAI) or Associate in Risk Management (ARM) designation for property, personal lines, and casualty lines of authority; g. holds an insurance degree from an accredited college or university for all lines of authority; h. is an applicant for a limited line of authority; or i. is a life agent who has been licensed at least 1 year, and operating as a life settlement broker.
An applicant must complete prelicense training that has been approved by the Commissioner. a. A life and health applicant must complete 40 hours of prelicense study. b. A property and casualty applicant must complete 40 hours of prelicense study. c. An applicant must complete at least 20 hours of prelicense study for each line of authority
Yes – Full criminal history
Not Required
One Year
Applicants who are non-citizens must provide a copy of work authorization or green card.
NIPR Gateway
A criminal background report from the Administrative Office of the Courts must be filed with the state. Obtain the report by following instructions listed on http://insurance.ky.gov.
None
No
Yes
A licensee must notify the Commissioner in writing of any change in address or legal name change within 30 days of the change. Contact Change Request supported via NIPR Gateway.
Failure to timely report a change will result in a $500 fine for the first offense and $1,000 for subsequent offenses.
Nonresident insurance producers can get a designated home state license for limited lines travel insurance in Kentucky if the producer's resident state doesn't issue a travel license equivalent
Agency
Yes
Yes
Yes
90 days prior to expiration date until 2 months after expiration date.
A licensee must notify the Commissioner in writing of any change in address or legal name change within 30 days of the change. Contact Change Request supported via NIPR Gateway. The business entity must notify the Commissioner of all changes involving the individuals who are registered on the license within 30 days of the change.
Adjuster
Yes
Yes
AK, AL, AR, AZ, CT, DE, FL, GA, ID, IN, LA, ME, MI, MN, MS, MT, NC, NH, NM, NV, OK, OR, RI, SC, TX, UT, VT, WA, WV, WY
CA, HI, NY, PR
Property, Casualty, Workers' Compensation, Crop
Licensing Fee: $50 Renewal Fee: $50 Late Renewal: $100
Yes
No line of authority is required for residents.
No LOA required
$25
1 Year
The license will not exceed 12 months and cannot be renewed. You must be a resident to receive this license.
Biennially, on the last day of the birth month for residents. For nonresidents, look towards the license expiration date.
Note that no line of authority is required for Residents.
Property, Casualty
Licensing Fee: $50 Renewal Fee: $50 Late Renewal: $100
Yes
Adjusters looking to assist with claims that result from a declared catastrophe need to register online with the department of insurance.
Yes
CT, DE, FL, LA, NV, NH, NM, NC, OK, RI, SC, TX, VT, WV, WY
Property, Casualty, Workers' Compensation, Crop
Licensing Fee: $50 Renewal Fee: $50 Late Renewal: $100
Yes
Biennially, on the last day of the birth month for residents. For nonresidents, look towards the license expiration date.
Note that no line of authority is required for Residents.
Yes
Yes
Continuing Education
24
2 years
Yes
Last day of birth month
Year of birth
Prior to license expiration.
90 days prior to expiration date
90 days prior to expiration date
If you have been licensed for less than a year on first renewal, you'll wait until the next renewal period to fill CE requirements. Adjusters other than public adjusters are exempt from CE requirements. Limited lines agents such as producers licensed solely in credit, travel, crop, or surety lines are exempt from CE requirements. Agents who are licensed solely to continue receiving renewal commissions on existing contracts can be exempt from CE if the state has a signed affidavit affirming they no longer sell products.
Within 30 days of your license expiration, you can still provide proof of CE and renew your license without penalty. After 30 days but within 60 days of your license expiration, you can prove you are current on CE and reinstate your lapsed license through paying a late penalty. After 60 days but within 12 months, you can reinstate as long as you get current on CE and submit a new application (including a background check, fees for licensure, fees for appointments, etc.). After 12 months, you will need to reapply as a new applicant, including fulfilling prelicensing training and relevant exams.
Yes
Yes
Up to 12 hours
3
Yes
6 hours must be directly related to producer LOA
3 hours of NFIP course
8-hour initial certification, with 4 hours of LTC-specific training each renewal cycle thereafter specific to the Kentucky LTC Insurance Partnership Program
One-time, 4-hour course
Life settlement brokers must complete at least 3 hours CE specific to life settlement
https://agentsync.io/blog/individual-producers/insurance-continuing-education-kentucky
Regulatory Updates
Kentucky Issues 2025 Company Appointment Renewal Dates
Effective January 1, 2025**, **Kentucky company appointment renewals will be created, with invoices available for payment from January 3, 2025, through June 30, 2025. The termination deadline is December 31, 2024.
Kentucky Adds Appointment and Termination Electronic Support for Self-Service Storage Space
Effective October 10, 2024, Kentucky will add Self-Service Storage Space to be processed electronically for Appointments and Terminations.
Kentucky Changing Continuing Education Service Provider
Effective July 1, 2024, the Kentucky Department of Insurance’s Personal Service Contract for Continuing Education/Prelicensing Services will be handled by PSI Services. Prometric will no longer accept or process education course and instructor reviews after June 21, 2024. See attachment for full details.
Kentucky Issues 2024 Company Appointment Renewals Dates
The invoice renewal period Property and Casualty and Other limited lines is Jan. 8, 2024 AM EST - March 31, 2024 3PM EST. The late renewal period is April 1, 2024 8AM EST - June 30, 2024 3PM EST. The termination deadline is Jan. 4, 2024. **Renewal Fees: ** Individual Producers with RL: $40 Business entities/Agencies with RL: $100 Individual NR Producer: $50 Business entities/Agencies with NRL: $120 **Late Renewal Fees:** Individual Producers with RL: $80 Business entities/Agencies with RL: $200 Individual NR Producer: $100 Business entities/Agencies with NRL: $240
Kentucky Has Issued an Advisory Opinion Related to Adjuster Fees
On August 31, 2023, Kentucky issued an advisory opinion related to adjuster fees that will be effective immediately. Review attachment for full details.
Kentucky Updates to Local Premium Tax and Data Security
Article providing updates to the Kentucky Local Premium Tax and Data Security meeting is posted. See attachment for full details.
Kentucky Clarifies its Local Government Premium Tax Process for Carriers and Surplus Lines Brokers
Kentucky clarifies its Local Government Premium Tax process for carriers and Surplus Lines brokers. See attachment for full details.
Kentucky Updates Values for Appointments and Terminations
Effective April 14, 2023, Kentucky will require the NPN for Appointment and Termination transactions.
Update to Kentucky 2023 Appointment Renewal Dates
The correction received is that the appointment types to be renewed are Life, Health, Variable Annuity, and Other lines. The original post listed Property, Casualty, and 'Other' - this has been updated as well to reflect the correction.
Kentucky Issues 2023 Company Appointment Renewals Dates
The invoice renewal period for Life, Health, Variable Annuity, and Other lines. is Jan. 6, 2023AM CST - March 31, 2023 3PM CST. The late renewal period is April 3, 2023 8AM CST - June 30, 2023 3PM CST. The termination deadlines is Jan. 1, 2023.
Kentucky Surplus Lines Bulletin
Kentucky has put out a bulletin that states the Department will no longer accept Premium Tax Annual Reconciliation Reports filed anywhere other than the Department's own direct eService upload.
Kentucky Tax Annual Reconciliation Report Filings
This update notes that KY will only accept Premium Tax Annual Reconciliation Report reports filed via the direct upload to the Departments eServices portal. Any other methods will not be accepted.
Kentucky Announces Legislative Changes
Kentucky releases legislative changes (attached). One to highlight is An Act Relating to the Issuance and Renewal of Occupational Licenses to Military Spouses. An administrative agency is required to issue a temporary or regular license to the spouse of someone currently in the armed forces. The spouse will not need to pay fees if they meet the requirements. Previously, fees were not waived.
Kentucky Clarifies Statue Regarding Automobile Policy
Kansas noted that there some incorrect interpretations of KRS 304.39-060(6) regarding automobile policy. The statue says, " “Every insurance company when issuing an automobile policy to a resident of this Commonwealth must inform the buyer in writing in a form to be prescribed by the insurance commissioner of his or her right to reject the limitations of the tort rights and liabilities under this subtitle in the manner provided in subsections (4) and (7) of this section.” It was clarified that issuing means that the form must be delivered to the insured at 1.) the initial issuance of a new policy, but not at subsequent renewals of that policy; and 2.) at the addition of any drivers to a policy.
NASAA Updates IAR CE Member Adoption list on its Website
NASAA provides an updated version of the IAR CE Member Adoption list on its website.
Kentucky Clarifies “Best Interest” in the Context of Annuities
A recent amendment to 806 KAR 12:120 requires licensees to make annuity recommendations that are in the best interest of the consumer "under the circumstances known at the time the recommendation is made". This announcement clarifies that the "best interest of the customer" requirement is applicable **only **at the time the recommendation is made and not on an ongoing basis.
Kentucky Offering Emergency Temporary Adjuster Licensing
This notification is in response to the storms that happened on December 10ths and 11th, 2021. Insurers are allowed to reasonably extend the time period to pay premiums, copayments, deductibles, and other charges in the case that this will benefit the customer. Additionally, KY is offering temporary registration for both independent and staff adjusters. To apply, form 8307 needs to be filled out and submitted by the insurer on the departments website.
FAQs
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How Do I Get an Insurance License in Kentucky?
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How Do I Get a State Adjuster License in Kentucky?
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How do I renew my insurance license in Kentucky?
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How do I renew my nonresident insurance license in Kentucky?
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How Do I renew My Non-Resident Adjuster License in Kentucky?
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How Do I Renew My Adjuster License In Kentucky?