806 KAR 9:001. Prelicensing courses of study; instructors.
RELATES TO: KRS 304.4-010, 304.9-105, 304.9-230
STATUTORY AUTHORITY: KRS 304.2-110, 304.9-105, 304.9-230, 304.9-513
NECESSITY, FUNCTION, AND CONFORMITY: KRS 304.2-110 authorizes the Executive Director of Insurance to promulgate administrative regulations necessary for or as an aid to the effectuation of any provisions of the Kentucky Insurance Code as defined in KRS 304.1-010. KRS 304.9-105 requires the executive director to promulgate administrative regulations to mandate a prelicensing course of study for all agents except for a variable life and variable annuities line of authority and limited lines of authority. KRS 304.9-230 requires the executive director to promulgate administrative regulations regarding a prelicensing course of study for limited lines of authority. KRS 304.9-513 authorizes the executive director to promulgate administrative regulations relating to prelicensing courses for rental vehicle managing employees. This administrative regulation establishes the guidelines for instructors and for courses of instruction to be completed by each individual applying for an agent, specialty credit insurance managing employee, or rental vehicle managing employee license in the Commonwealth of Kentucky.
Section 1. Definitions. (1) "Executive director" means the Executive Director of the Office of Insurance.
(2) "Office" means the Office of Insurance.
Section 2. (1) Except for individuals applying for a limited line of authority as identified in KRS 304.9-230, a specialty credit insurance managing employee license, or a rental vehicle managing employee license, all agent applicants shall complete a course of classroom or self-instruction study, approved in accordance with subsection (3) of this section, which shall include a minimum of forty (40) hours for life and health insurance, forty (40) hours for property and casualty insurance, or twenty (20) hours for each line of authority, as applicable, for which the agent is applying.
(2) Agent applicants for a rental vehicle managing employee license shall complete a prior-approved course of classroom or self-study instruction, approved in accordance with subsection (3) of this section, for this license.
(3)(a) A prelicensing course of study shall be approved by the executive director of its designee, in accordance with paragraph (c) of this subsection, prior to authorized use and shall be renewed biennially.
(b) An outline of the content of each prelicensing course of study, together with the name and qualifications of the instructors, shall be submitted in writing to the office. Submission of the prelicensing course of study shall be made on Form CE/PL-100, incorporated by reference in 806 KAR 9:340, or electronically through the office’s Web site, http://doi.ppr.ky.gov. Submission of the qualifications of the instructors shall be made on Form CE/PL-200, incorporated by reference in 806 KAR 9:340, or electronically through the office’s Web site, http://doi.ppr.ky.gov.
(c) In approving a prelicensing course of study, the executive director or its designees shall consider whether the course of study covers the subject matter included in the office’s current study outlines or their equivalent.
(4) An applicant for a limited line of authority as identified in KRS 304.9-230 shall not be required to complete any prelicensing course of study for this line of authority.
(5) An applicant for a specialty credit insurance managing employee license shall not be required to complete a prelicensing course of study for this license.
Section 3. Prelicensing courses of study and instructors filed with the executive director shall be accompanied by the fees as set forth in KRS 304.4-010.
Section 4. A prelicensing course of study is valid for one (1) year from the date of completion.
Section 5. The prelicensing provider shall submit proof of completion of a course of study on Form CPL-01, as prescribed in 806 KAR 9:340, or electronically through the office’s Web site, http://doi.ppr.ky.gov/kentucky, for each applicant. (4 Ky.R. 633; eff. 8-2-78; Am. 27 Ky.R. 1591; 2153; eff. 2-15-2001; 32 Ky.R. 312; 879; eff. 12-2-05.)