KRS 304.9-467: Notification of surrender or termination of license -- Report of

administrative action -- Notification of service of complaint or indictment --

Documentation of resolution.

(1) An individual or business entity holding a license issued under this sub title or

holding a license as a surplus lines broker, life settlement broker, or life settlement

provider shall notify the commissioner in writing immediately if the licensee's

license to conduct insurance, securities, real estate, auctioneer, investment,

financial, or financial planning business of any kind in this state or elsewhere is

surrendered or terminated under threat of disciplinary action, refused, suspended,

revoked, or renewal of continuance is denied.

(2) A licensee shall report to the commissi oner any administrative action taken against

the licensee in another jurisdiction or by another governmental agency in Kentucky

within thirty (30) days of the final disposition of the matter. This report shall

include:

(a) A written statement identifying t he type of license and explaining the

circumstances of each incident;

(b) A copy of the notice of hearing or other document that states the charges and

allegations; and

(c) A copy of the official document which demonstrates the resolution of the

charges or any final judgment.

(3) Within thirty (30) days of service upon the licensee of any criminal complaint,

information, or indictment in any jurisdiction, the licensee shall submit to the

commissioner the following:

(a) A written statement explaining the circumstances of each incident;

(b) A copy of the charging document; and

(c) A copy of the official document which demonstrates the resolution of the

charges or any final judgment.

(4) If the charges alleged in the criminal complaint, information, or indictment have not

been finally resolved within the thirty (30) day period following service of the

criminal complaint, information, or indictment, the licensee shall, within thirty (30)

days following the resolution of the charges, submit to the commissioner a c opy of

the official document which demonstrates the resolution of the charges or any final

judgment.