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Kentucky Insurance FAQs

Q: What If My Address Or Name Changes?
A: Kentucky law requires that an agent notify the Department of Insurance, in writing, of any change in residence address, business address, or legal name within 30 days … More
Q: What Are The Licensing Requirements If My Home State Is Reciprocal With Kentucky?
A: Is in good standing in home state; Submits a original certification letter from home state insurance department; Submits proper request for license; Pays required … More
Q: What Are The Requirements If My Home State Is Not Reciprocal With Kentucky Or I Am Not Licensed In My Home State?
A: Is at least 18 years old; Is trustworthy, reliable, competent, and of good reputation; Has graduated from high school or has equivalent education; Passes a written … More
Q: What Are The Licensing Fees?
A: Licensing fee for nonresident agents by initial sponsoring insurer is $50.00, per line of authority. Appointments fee for subsequent sponsoring insurers, per insurer, … More
Q: How Do I Renew My Nonresident License?
A: Renewal of the nonresident insurance agent licenses and appointments are done on a biennial basis. Renewal for life and health lines of authority is March 31 on odd … More
Q: Do Nonresident Licenses Require Continuing Education?
A: Nonresident agents are required to comply with the continuing education requirements of their home state. The Department will verify compliance in odd numbered years … More
Q: What Are The Requirements For A Resident Or Nonresident Kentucky Business Entity Agency License For A Partnership, Limited Partnership, Limited Liability Company, Or Corporation?
A: Resident (domestic) Nonresident (foreign) Partnership or Limited Partnership • Partnership Agreement • Form 8301BE complete Business Entity License Application … More
Q: What Is A Surplus Lines Broker?
A: A Surplus Line Broker is a specially licensed general lines agent who is permitted to place with insurers not licensed to do business in Kentucky, certain insurance … More
Q: Are There Any Restrictions For A Surplus Lines Broker?
A: A Surplus Line Broker may place coverage through an eligible surplus lines insurer only after a diligent effort to place the risk within the authorized market. … More
Q: What Are The Requirements To Become A Surplus Lines Broker?
A: Any person while licensed in this state as an agent who: Is a resident of Kentucky; Has been continuously licensed for at least three (3) years; Is deemed by the … More
Q: What Must Be Submitted To Apply For A Surplus Lines License?
A: To apply for a Surplus Lines Broker license, the applicant must submit: Application Form 8301 License fee of $100.00 Proof of Financial Responsibility in the amount … More