KRS 304.9-505: License for business entity to act as rental vehicle agent -- Registration

fee and licensed managing employee for each business location -- Application

and qualifications for license.

(1) A license issued under this section shall permit rental vehic le insurance sales by the

license holder provided the sales are conducted in accordance with the provisions of

KRS 304.9-507.

(2) A business entity licensee shall register with the commissioner each separate

business location where its employees sell, soli cit, or negotiate insurance and may

pay a location registration fee for each separate location.

(3) A rental vehicle agent managing employee with an active license issued by the

commissioner shall oversee employees at each assigned location.

(4) The commis sioner may issue to a business entity qualified under this section a

license to act as a rental vehicle agent.

(5) For a license to be issued under this section, the business entity shall submit to the

commissioner all of the following:

(a) A written appli cation, signed by the authorized representative of the business

entity, on a form prescribed by the commissioner, that contains the

information prescribed by the commissioner;

(b) Satisfaction of all general agent licensing requirements as prescribed in KR S

304.9-105(1)(c) and (2);

(c) The application fee, appointment fee, and location registration fee as provided

in KRS 304.4-010;

(d) A business entity applicant shall submit a list of physical locations where

activities authorized by the rental vehicle agent license will be conducted; and

(e) A business entity applicant shall ensure that each proposed licensed managing

employee has successfully completed a prelicensing course of study and

successfully passed a rental vehicle examination approved by the

commissioner.

(6) The commissioner may require any documents reasonably necessary to verify the

information contained in the application submitted in accordance with subsection

(5) of this section.