Any insurer shall be liable for the acts of its agents when the agents are acting in their capacity as representatives of the insurer and are acting within the scope of their authority. Licensed individuals designated by a business entity to exercise the business entity's agent license shall be deemed agents of the insurer if the business entity holds an appointment from the insurer.
KRS 304.9-035
Insurer liable for acts of its agents
Known as the Reinsurance Intermediary Act
The act spans §§ 304.9-010 to 304.9-784 (110 sections).
Applied in 1 court decision — leading case Helton ex rel. Warren C. Helton Irrevocable Trust v. American General Life Insurance (2013)
Most recently applied in Helton ex rel. Warren C. Helton Irrevocable Trust v. American General Life Insurance (May 2013)
Effective: July 15, 2002 History: Amended 2002 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.