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304.9-200 Contents of license -- Change of address -- Refundability of fees.
(1)
(2)
(3)
(4)
(5)
The license issued under this subtitle or to a surplus lines broker, life settlement
broker, or life settlement provider shall contain the licensee's name, city and state of
principal place of business address, personal identification number, and the date of
issuance, the lines of authority, and any other information the commissioner deems
necessary.
The licensee shall inform the commissioner in writing in a format acceptable to the
commissioner of a change of address or change of legal name within thirty (30)
days of the change.
After completion of application for a license, completion of any prelicensing
education required under this chapter, payment of applicable fees, and the taking
and passing of any examination required under this chapter, the commissioner shall
promptly consider the application. If the commissioner finds that the applicant has
fully met the requirements for licensure, the commissioner shall promptly issue the
license to the applicant; otherwise, the commissioner shall refuse to issue the
license and promptly notify the applicant of the refusal, stating the grounds thereof.
If a license is refused, the commissioner shall promptly refund any appointment fee
tendered with the license application. All other fees for application for license or
examination shall be deemed earned when paid and shall not be refundable.
In order to assist in the performance of the commissioner's duties, the commissioner
may contract with nongovernmental entities, including the National Association of
Insurance Commissioners or its affiliate or subsidiary, to perform ministerial
functions, including the collection of fees or data related to licensing.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1059, effective July 15, 2010. -Amended 2008 Ky. Acts ch. 32, sec. 16, effective July 15, 2008. -- Amended 2002
Ky. Acts ch. 273, sec. 21, effective July 15, 2002. -- Amended 2000 Ky. Acts ch.
393, sec. 17, effective July 14, 2000. -- Created 1970 Ky. Acts ch. 301, subtit. 9, sec.
20, effective June 18, 1970.
Legislative Research Commission Note (7/15/2010). A reference to the "executive
director" of insurance in subsection (4) of this section, as amended by 2010 Ky. Acts
ch. 24, sec. 1059, has been changed in codification to the "commissioner" of
insurance to reflect the reorganization of certain parts of the Executive Branch, as set
forth in Executive Order 2009-535 and confirmed by the General Assembly in 2010
Ky. Acts ch. 24. This change was made by the Reviser of Statutes pursuant to 2010
Ky. Acts ch. 24, sec. 1938.
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