KRS 304.3-510: Licensing of controlling agent -- Evidence of financial responsibility.

(1) A person shall not be, act as, or hold himself or herself out as a controlling agent

with respect to risks located in Kentucky for an insurer authorized in Kentucky

unless the person is licensed as agent by Kentucky.

(2) A person shall not be, act as, or hold himself or herself out as a controlling agent

representing an insurer domiciled in Kentucky with respect to risks located outside

Kentucky unless the person is licensed as an agent by Kentucky.

(3) The commissioner may require a controlling agent t o provide evidence of financial

responsibility in the form and amount acceptable to the commissioner for the

protection of the insurer, policyholders, and claimants.