(1) An agent of a fraternal benefit society shall be licensed as an agent in accordance
with the provisions of Subtitle 9 of this chapter regulating all aspects of agent
(2) Subsection (1) of this section includes the requirement that the agent shall
satisfactorily complete the continuing education requirements in accordance with KRS 304.9-295.
(3) An agent of a society shall be appointed by the society in accordance with the
provisions of Subtitle 9 of this chapter regulating all aspects of agent appointments.
(4) No examination or license shall be required of any regular salaried officer,
employee, or member of a licensed society who devotes substantially all of his services
to activities other than the solicitation of fraternal insurance contracts from the
public, and who receives for the solicitation of the contracts no commission or other
compensation directly dependent upon the amount of business obtained.
(5) Any agent, representative, or member of a society who devotes, or intends to
devote, less than fifty percent (50%) of the person's time to the solicitation and
procurement of insurance contracts for the society shall be exempt from the requirements
of subsection (1) of this section. Any person who in the preceding calendar year has solicited and procured life insurance
contracts on behalf of any society in an amount of insurance in excess of fifty thousand
dollars ($50,000), or in the case of any other kind or kinds of insurance which the
society might write, on the persons of more than twenty-five (25) individuals and
who has received or will receive a commission or other compensation therefor, shall
be presumed to be devoting, or intending to devote, fifty percent (50%) of time to
the solicitation or procurement of insurance contracts for such society.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.