Kentucky Laws and Regulations- EXAM
Under Kentucky law, an insurer formed under the laws of Michigan is considered to be... - Answer-A
Foreign Insurer
An incorporated insurer with its capital divided into shares and owned by its shareholders is a... -
Answer-Stock Insurer
The Executive Director of Insurance is... - Answer-appointed by the governor with consent of the Senate
An agent must notify the executive director of a change in the agents legal name or address within... -
Answer-30 days of the change
An applicant for a resident agent license must be at least - Answer-15 years old
An applicant for a license as an insurance consultant must be at least - Answer-25 years old
A temporary license as an apprentice adjuster may be issued for a period up to - Answer-12 months
, Which of the following insurance policies would be considered controlled business? - Answer-1.)
insurance written on an agents life
2.) insurance written on the life of the agents child
3.) insurance written on the spouse of the agent
ALL THE ABOVE
To avoid having to take another examination, an agent who allows his or her license to lapse must
reinstate the license within - Answer-12 months from the due date of the renewal fee
The Kentucky continuing education requirement for each continuing education biennium is - Answer-24
hours of the courses
Temporary licenses are effective for an initial period of - Answer-180 days
Resident agents must keep records of all business transactions under their licenses for at least - Answer-
5 years
Which of the following actions may the Executive Director take if an applicant provides misleading
information in the application for a license? - Answer-1. Refuse to issue the license
2.) suspend the license if it has already been issued
3.) impose a civil penalty
ALL THE ABOVE
If a persons license has been revoked twice, when may the person be issued a new license? - Answer-
NEVER!
Under Kentucky law, an insurer formed under the laws of Michigan is considered to be... - Answer-A
Foreign Insurer
An incorporated insurer with its capital divided into shares and owned by its shareholders is a... -
Answer-Stock Insurer
The Executive Director of Insurance is... - Answer-appointed by the governor with consent of the Senate
An agent must notify the executive director of a change in the agents legal name or address within... -
Answer-30 days of the change
An applicant for a resident agent license must be at least - Answer-15 years old
An applicant for a license as an insurance consultant must be at least - Answer-25 years old
A temporary license as an apprentice adjuster may be issued for a period up to - Answer-12 months
, Which of the following insurance policies would be considered controlled business? - Answer-1.)
insurance written on an agents life
2.) insurance written on the life of the agents child
3.) insurance written on the spouse of the agent
ALL THE ABOVE
To avoid having to take another examination, an agent who allows his or her license to lapse must
reinstate the license within - Answer-12 months from the due date of the renewal fee
The Kentucky continuing education requirement for each continuing education biennium is - Answer-24
hours of the courses
Temporary licenses are effective for an initial period of - Answer-180 days
Resident agents must keep records of all business transactions under their licenses for at least - Answer-
5 years
Which of the following actions may the Executive Director take if an applicant provides misleading
information in the application for a license? - Answer-1. Refuse to issue the license
2.) suspend the license if it has already been issued
3.) impose a civil penalty
ALL THE ABOVE
If a persons license has been revoked twice, when may the person be issued a new license? - Answer-
NEVER!
