806 KAR 9:300. Current agent licensees in good standing to receive equivalent license.

 

      RELATES TO: KRS 304.9

      STATUTORY AUTHORITY: KRS 304.2-110

      NECESSITY, FUNCTION, AND CONFORMITY: KRS 304.2-110 provides that the Executive Director of the Office of Insurance may promulgate administrative regulations necessary for or as an aid to the effectuation of any provision of the Kentucky Insurance Code. This administrative regulation sets forth the terms under which agent licensees in good standing immediately prior to the effective date of 2000 Ky. Acts ch. 393 will receive equivalent licenses for their licenses that are by law no longer issued on or after July 14, 2000.

 

      Section 1. All individuals or business entities holding agent licenses in good standing pursuant to KRS 304, Subtitle 9 on July 13, 2000, whose licenses are no longer issued on or after July 14, 2000, because of changes in the law, shall be issued, at no additional cost, on or before the renewal date the applicable equivalent license or licenses, as determined by the office. (27 Ky.R. 1693; eff. 2-15-2001; TAm eff. 8-9-2007.)