KRS 304.9-140: Licensure of nonresidents as agents.

(1) A nonresident individual or business entity shall receive the applicable insurance

producer license if:

(a) The applicant is currently licensed as a resident and in good standing in his or

her home state;

(b) The applicant has submitted the proper request for license and has paid the

fees required by KRS 304.4-010 and administrative regulations;

(c) The applicant has submitted or transmitted to the commissioner the

application for a license that the applicant submitted to his or her home state

or a complete d uniform individual application or uniform business entity

application;

(d) The applicant's home state awards nonresident licenses to residents of this

state on the same basis; and

(e) The applicant is not denied a license in accordance with KRS 304.9-440.

(2) The commissioner may verify the applicant's license status through the database

maintained by the National Association of Insurance Commissioners, its affiliates,

or subsidiaries.

(3) A nonresident licensee who changes his or her home state to a stat e other than

Kentucky shall file a change of address and provide certification from the new

home state within thirty (30) days of the change of home state. No fee or license

application is required.

(4) Notwithstanding any other provisions of this chapter, an individual licensed as a

surplus lines broker in his or her home state shall receive a nonresident surplus lines

broker license by meeting the requirements of subsection (1) of this section. Except

as provided in subsection (1) of this section, nothing in this section otherwise

amends or supersedes any provision of Subtitle 10 of this chapter.

(5) Notwithstanding any other provision of this subtitle, an individual licensed as a

limited lines agent in his or her home state shall receive a nonresident lim ited lines

agent license in accordance with subsection (1) of this section, granting the same

scope of authority as granted under the license issued by the agent's home state.

(6) Notwithstanding any other provision of this subtitle, an individual licensed as an

agent with a limited line of authority in his or her home state shall:

(a) Receive a nonresident major line of authority in accordance with subsection

(1) of this section if the limited line of authority in the individual's home state

is not offered in this state; and

(b) Only have authority to place business under the nonresident license with a

major line of authority in this state to the extent permitted, and as limited, fo r

an individual agent in the individual's home state with the limited line of

authority.

(7) The commissioner shall waive any requirements for a nonresident insurance

producer license applicant with a valid license from his or her home state, except

the requirements imposed by subsection (1) of this section, if the applicant's home

state awards nonresident insurance producer licenses to residents of Kentucky on

the same basis.

(8) (a) As a condition to or in connection with the continuation of an insurance

producer license issued under this section, the licensee must maintain the

applicable license in his or her home state.

(b) The insurance producer license issued under this section shall terminate if and

when the licensee's applicable home state license terminates for any reason.