2021 Kentucky Revised Statutes Chapter 304 - Insurance code Subtitle 304.9 - Agents, Consultants, Solicitors and Adjusters 304.9-505 License for business entity to act as rental vehicle agent -- Registration fee and licensed managing employee for each business location -- Application and qualifications for license.
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304.9-505 License for business entity to act as rental vehicle agent -- Registration
fee and licensed managing employee for each business location -- Application
and qualifications for license.
(1)
(2)
(3)
(4)
(5)
(6)
A license issued under this section shall permit rental vehicle insurance sales by the
license holder provided the sales are conducted in accordance with the provisions of
KRS 304.9-507.
A business entity licensee shall register with the commissioner each separate
business location where its employees sell, solicit, or negotiate insurance and may
pay a location registration fee for each separate location.
A rental vehicle agent managing employee with an active license issued by the
commissioner shall oversee employees at each assigned location.
The commissioner may issue to a business entity qualified under this section a
license to act as a rental vehicle agent.
For a license to be issued under this section, the business entity shall submit to the
commissioner all of the following:
(a) A written application, signed by the authorized representative of the business
entity, on a form prescribed by the commissioner, that contains the
information prescribed by the commissioner;
(b) Satisfaction of all general agent licensing requirements as prescribed in KRS
304.9-105(1)(c) and (2);
(c) The application fee, appointment fee, and location registration fee as provided
in KRS 304.4-010;
(d) A business entity applicant shall submit a list of physical locations where
activities authorized by the rental vehicle agent license will be conducted; and
(e) A business entity applicant shall ensure that each proposed licensed managing
employee has successfully completed a prelicensing course of study and
successfully passed a rental vehicle examination approved by the
commissioner.
The commissioner may require any documents reasonably necessary to verify the
information contained in the application submitted in accordance with subsection
(5) of this section.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1081, effective July 15, 2010; and ch. 83,
sec. 16, effective July 15, 2010. -- Created 2000 Ky. Acts ch. 380, sec. 24, effective
July 14, 2000.
Legislative Research Commission Note (7/15/2010). A reference to the "executive
director" of insurance in subsection (3) of this section, as amended by 2010 Ky. Acts
ch. 83, sec. 16, 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.
Legislative Research Commission Note (7/15/2010). this section was amended by 2010
Ky. Acts chs. 24 and 83. Where these Acts are not in conflict, they have been
codified together. Where a conflict exists, Acts ch. 83, which was last enacted by the
General Assembly, prevails under KRS 446.250.
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