There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 9. Agents, Consultants, Solicitors and Adjusters
304.9.450 Procedure following suspension, revocation, nonrenewal, or denial of license.
Download pdflast of record with the commissioner. Notice by mail shall be deemed effectuated
when so mailed. The commissioner shall give like notice to the insurer represented
by the agent, in the case of an agent's license. (2) The commissioner shall not again issue a license under this code to or as to any individual or business entity whose license has been revoked, until after expiration
of one (1) year and thereafter not until the individual or business entity again
qualifies in accordance with the applicable provisions of this code. An individual or
business entity whose license has been revoked twice shall not again be eligible for
any license under this code. (3) If the license of a business entity is suspended or revoked, no member, officer, or director of the business entity shall be licensed or be designated in or as to any
license to exercise the powers thereof during the period of the suspension or
revocation, unless the commissioner determines upon substantial evidence that the
member, officer, or director was not personally at fault and did not acquiesce in the
matter on account of which the license was suspended or revoked. (4) In the event that the action by the commissioner is to nonrenew or to deny an application for a license, the commissioner shall notify the applicant or licensee and
advise, in writing, the applicant or licensee of the reason for the denial or
nonrenewal of the applicant's or licensee's license. The applicant or licensee may
make written demand upon the commissioner in accordance with KRS 304.2-310. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1075, effective July 15, 2010. -- Amended 2000 Ky. Acts ch. 393, sec. 35, effective July 14, 2000. -- Created 1970
Ky. Acts ch. 301, subtit. 9, sec. 45, effective June 18, 1970.
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