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Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.9-390.Place of agent's business; display of licenses; records

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

(1) Every individual and business entity issued a license with Kentucky as its home state shall have and maintain in this state a place of business accessible to the public, and wherein the licensee principally conducts transactions under his or her license. This provision shall not be deemed to prohibit maintenance of this place of business in the office of an insurer, office of the employer, or in the residence of the licensee.

(2) The licenses of the licensee shall be conspicuously displayed in each of the places of business in a part customarily open to the public.

(3) The licensee shall keep at his or her place of business complete records of transactions under the license.

(a) The records shall be kept available for inspection by the commissioner for a period of at least five (5) years after completion of the respective transactions.

(b) For an insurance producer, the record shall show, as to each insurance policy or contract placed by or through the licensee, the names of the insurer and insured, the number and expiration date of, and premium payable as to, the policy or contract, and any other information as the commissioner may reasonably require.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 304.9-390.Place of agent's business; display of licenses; records - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-304-9-390/

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