Title 806 | Chapter 009 | Regulation 380


PREVIOUS VERSION
The previous document that this document is based upon is available.
View Previous Version

806 KAR 9:380.Limited Lines Self-Service Storage Space Insurance Requirements.

Section 1.

Definitions.

(1)

"Limited lines self-service storage space insurance producer" is defined by KRS 304.9-495(1).

(2)

"Self-service storage facility" is defined by KRS 304.9-495(6).

(3)

"Self-service storage space insurance" is defined by KRS 304.9-495(7).

Section 2.

License Application.

(1)

To apply for a limited lines self-service storage space insurance producer license, an applicant shall submit:

(a)

The appropriate completed form:

1.

For individuals, Form 8301, incorporated by reference in 806 KAR 9:025; or

2.

For Business Entities, Form 8301-BE, incorporated by reference in 806 KAR 9:025;

(b)

A register, signed by the licensed limited lines self-service storage space insurance producer applicant, as prescribed on the Self-Service Storage Space Location Form, and in accordance with KRS 304.9-496(1)(b); and

(c)

Payment of fees in accordance with 806 KAR 4:010.

(2)

The register provided on the Self-Service Storage Space Location Form shall be made available to the department upon request.

Section 3.

Limited Lines Self-Service Storage Space Insurance Producer Responsibilities. A licensed limited lines self-service storage space insurance producer shall:

(1)

Be responsible for the acts of the self-service storage facility operator that occur within the scope of their operation of a self-service storage facility;

(2)

Provide a program for instructional training to the employees of the self-service storage facility operator;

(3)

Be responsible for the insurance activities of the self-service storage facility, its operators, unlicensed employees, and representatives;

(4)

Report all material changes and additions to the department within thirty (30) days; and

(5)

Before transacting any business at any location, ensure that the self-service storage facility and its operators provide the appropriate consumer protection disclosures as prescribed in KRS 304.9-497 to all prospective consumers in writing.

Section 4.

Material Incorporated by Reference.

(1)

The Self-Service Storage Space Location Form, 2/2022 is incorporated by reference.

(2)

This material may be inspected, copied, or obtained, subject to applicable copyright law, at the Kentucky Department of Insurance, Mayo-Underwood Building, 500 Mero Street, Frankfort, Kentucky 40601, Monday through Friday, 8 a.m. to 4:30 pm. This material is also available on the Department's Web site at https://insurance.ky.gov/ppc/CHAPTER.aspx.

HISTORY: (48 Ky.R. 2889; 49 Ky.R. 346; eff. 11-1-2022.)

FILED WITH LRC: July 14, 2022
CONTACT PERSON: Abigail Gall, Executive Advisor, 500 Mero Street, Frankfort, Kentucky 40601, phone +1 (502) 564-6026, fax +1 (502) 564-1453, email abigail.gall@ky.gov.

7-Year Expiration: 11/1/2029

Last Updated: 11/1/2022


Page Generated: 9/19/2024, 12:15:11 PM