Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.11-035.Authorized agent contracts

(1) That the licensee designates the person as its agent with authority to engage in money transmission on behalf of the licensee as authorized under this subtitle;

(2) That the agent shall operate in full compliance with this subtitle, and rules promulgated under this subtitle, and any order issued by the commissioner pursuant to this subtitle;

(3) That neither a licensee nor an agent of the licensee may authorize subagents;

(4) That the agent shall timely remit all money legally due to the licensee in accordance with the terms of the written contract between the licensee and the agent;

(5) That the licensee and agent are subject to regulation by the commissioner; and

(6) That the licensee and agent shall comply with applicable federal and state law.