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KRS 304.9-107

Persons exempt from provisions of KRS 304.9-105(1)(e)1. -- Administrative regulations

Known as the Reinsurance Intermediary Act

The act spans §§ 304.9-010 to 304.9-784 (110 sections).

Effective: July 15, 2010 History: Amended 2010 Ky

Persons exempt from provisions of KRS 304.9-105(1)(e)1. and 2. -- Administrative regulations.

(1) The following persons shall be exempt from the prelicensing course of study requirements for specific lines of authority of KRS 304.9-105(1)(e)1.:

(a) Persons holding a Chartered Life Underwriter (CLU) designation for a life line of authority;

(b) Persons holding a Chartered Property and Casualty Underwriter (CPCU) designation for property, personal lines, and casualty lines of authority;

(c) Persons holding a Certified Insurance Counselor (CIC) designation for life, health, property, personal lines, and casualty lines of authority;

(d) Persons holding a designation as a Certified Employee Benefit Specialist (CEBS), Chartered Financial Consultant (ChFC), Certified Financial Planner (CFP), Fellow of the Life Management Institute (FLMI), or Life Underwriter Training Council Fellow (LUTCF) for a life line of authority;

(e) Persons holding a designation as a Registered Health Underwriter (RHU), Certified Employee Benefit Specialist (CEBS), Registered Employee Benefit Consultant (REBC), or Health Insurance Advisor (HIA) for a health line of authority;

(f) Persons holding a designation as an Accredited Advisor in Insurance (AAI) or Associate in Risk Management (ARM) for property, personal lines, and casualty lines of authority; and (g) Persons holding an insurance degree from an accredited college or university for all lines of authority.

(2) The commissioner may promulgate administrative regulations to specify additional designations and degrees for exemption from a prelicensing course of study for specified lines of authority to comply with NAIC uniformity standards.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.