Title 806 | Chapter 009 | Regulation 370
806 KAR 9:370.Preneed funeral agent license.
Section 1.
Definitions.(1)
"Agent" is defined by KRS 304.9-020(1).(2)
"Department" is defined by KRS 304.1-050(2).(3)
"Preneed funeral contract or prearrangement" is defined by KRS 304.12-240(1)(a).(4)
"Preneed funeral insurance" means a life insurance or annuity contract used solely to fund a preneed funeral contract or prearrangement.Section 2.
An agent license with a limited line of authority for preneed funeral insurance shall only sell, solicit, or negotiate preneed funeral insurance with a face amount that does not exceed $25,000.Section 3.
License Application. To apply for an agent license with a preneed funeral limited line of authority, an applicant shall submit to the department the following information:(1)
(a)
For individual applicants, Form 8301, incorporated by reference in 806 KAR 9:025, including all applicable attachments; and(b)
For business entity applicants, Form 8301-BE, incorporated by reference in 806 KAR 9:025, including all applicable attachments;(2)
A completed background check through the Kentucky Administrative Office of the Courts; and(3)
The corresponding fees established by 806 KAR 4:010.Section 4.
Pre-licensing training. An applicant for an agent license with a preneed funeral limited line of authority shall not be required to complete pre-licensing training.Section 5.
Examination. An applicant for an agent license with a preneed funeral limited line of authority shall not be required to complete an examination.Section 6.
License renewal. An agent with a preneed funeral limited line of authority shall renew in accordance with KRS 304.9-260.HISTORY: (47 Ky.R. 877, 1389; eff. 4-6-2021.)
806 KAR 9:370.Preneed funeral agent license.
Section 1.
Definitions.(1)
"Agent" is defined by KRS 304.9-020(1).(2)
"Department" is defined by KRS 304.1-050(2).(3)
"Preneed funeral contract or prearrangement" is defined by KRS 304.12-240(1)(a).(4)
"Preneed funeral insurance" means a life insurance or annuity contract used solely to fund a preneed funeral contract or prearrangement.Section 2.
An agent license with a limited line of authority for preneed funeral insurance shall only sell, solicit, or negotiate preneed funeral insurance with a face amount that does not exceed $25,000.Section 3.
License Application. To apply for an agent license with a preneed funeral limited line of authority, an applicant shall submit to the department the following information:(1)
(a)
For individual applicants, Form 8301, incorporated by reference in 806 KAR 9:025, including all applicable attachments; and(b)
For business entity applicants, Form 8301-BE, incorporated by reference in 806 KAR 9:025, including all applicable attachments;(2)
A completed background check through the Kentucky Administrative Office of the Courts; and(3)
The corresponding fees established by 806 KAR 4:010.Section 4.
Pre-licensing training. An applicant for an agent license with a preneed funeral limited line of authority shall not be required to complete pre-licensing training.Section 5.
Examination. An applicant for an agent license with a preneed funeral limited line of authority shall not be required to complete an examination.Section 6.
License renewal. An agent with a preneed funeral limited line of authority shall renew in accordance with KRS 304.9-260.HISTORY: (47 Ky.R. 877, 1389; eff. 4-6-2021.)