Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.3-400.Definitions for KRS 304.3-400 to 304.3-430

(1) “Accredited state” means a state in which the insurance regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners;

(2) “Control” or “controlled” has the meaning set forth in KRS 304.37-010;

(3) “Controlled insurer” means an authorized insurer which is controlled, directly or indirectly, by a producer;

(4) “Controlling producer” means a producer who directly or indirectly, controls an insurer;

(5) “Authorized insurer” or “insurer” means an insurer holding a certificate of authority from the commissioner to transact property or casualty insurance business in Kentucky. The following, among others, are not authorized insurers for the purposes of KRS 304.3-400 to 304.3-430:

(6) “Producer” means a person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, the person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the person, firm, association, or corporation.