Title 806 | Chapter 009 | Regulation 380
PREVIOUS VERSION
The previous document that this document is based upon is available.
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; or2.
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.
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)(1)
The appropriate completed form:1.(a)
For individuals, Form 8301, incorporated by reference in 806 KAR 9:025; or2.(b)
For Business Entities, Form 8301-BE, incorporated by reference in 806 KAR 9:025;(b)(c)
A register, signed by the licensed limited lines self-service storage space insurance producer(c)
Payment of fees in accordance with 806 KAR 4:0101.
2.
3.
(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(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.