KRS 304.9-782: Conditions under which license authorizes employee or representative to

sell portable electronics insurance -- Restrictions on licensees.

(1) A portable electronics insurance retailer license issued to a business entity under

KRS 304.9 -780 shall a uthorize an employee or authorized representative of the

business entity licensee to offer and disseminate portable electronics insurance

without being licensed, registered, or otherwise individually identified, if all of the

following are true:

(a) The em ployee, representative, or managing employee operates with

permission from the business entity licensee;

(b) The business entity licensee assumes responsibility for the insurance activities

of its unlicensed employees, authorized representatives, or managi ng

employees;

(c) The employee or authorized representative operates under the supervision of a

portable electronics insurance supervising entity who shall be available for

consultation for and adequate supervision of the sale, solicitation, or

negotiation of portable electronics insurance. However, a portable electronics

insurance supervising entity need not be present where portable electronics

insurance is offered and disseminated; and

(d) The employee or authorized representative is not primarily compensated based

on the amount of insurance sold by the employee or representative. However,

an employee or authorized representative may receive compensation for

activities under the license which is incidental to the employee's or

representative's overall compensation.

(2) A licensee shall not advertise, represent, or otherwise hold out the licensee or any

employee or authorized representative of the licensee as a licensed insurance agent

under another section of this subtitle, unless the entity or individual actually holds

the applicable license.