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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.52-060.Licensed persons who may handle travel insurance without adjuster license; insurer’s responsibility

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) A person holding a managing general agent license or an administrator license in this state, or an insurance agent licensed in this state with property and casualty lines of authority for activities permitted under that license, may directly or indirectly underwrite, collect charges, collateral, or premiums from, or adjust or settle claims without an adjuster license on residents of this state, in connection with travel insurance.

(2) An insurer is responsible for:

(a) The acts of a managing general agent, administrator, or licensed insurance agent administering travel insurance underwritten by the insurer; and

(b) Ensuring that the managing general agent, administrator, or licensed insurance agent maintains all books and records relevant to the insurer, which shall be made available by the managing general agent, administrator, or licensed insurance agent to the commissioner upon request.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.52-060.Licensed persons who may handle travel insurance without adjuster license; insurer’s responsibility - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-52-060/

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