Section 304.3-510 - Licensing of controlling agent - Evidence of financial responsibility(1) A person shall not be, act as, or hold himself or herself out as a controlling agent with respect to risks located in Kentucky for an insurer authorized in Kentucky unless the person is licensed as agent by Kentucky.(2) A person shall not be, act as, or hold himself or herself out as a controlling agent representing an insurer domiciled in Kentucky with respect to risks located outside Kentucky unless the person is licensed as an agent by Kentucky.(3) The commissioner may require a controlling agent to provide evidence of financial responsibility in the form and amount acceptable to the commissioner for the protection of the insurer, policyholders, and claimants.Effective:7/15/2010
Amended 2010, Ky. Acts ch. 24, sec. 982, effective7/15/2010. -- Created 1992 Ky. Acts ch. 139, sec. 2, effective 7/14/1992.