Title 806 | Chapter 009 | Regulation 390
PREVIOUS VERSION
The previous document that this document is based upon is available.
806 KAR 9:390.Portable Electronics Retailer license.
Section 1.
Definitions.(1)
"Portable electronics" is defined by KRS 304.9-020(16).(2)
"Portable electronics insurance" is defined by KRS 304.9-020(17)(a) and (b).(3)
"Portable electronics insurance supervising entity" is defined by KRS 304.9-020(18).(4)
"Portable electronics retailer" is defined by KRS 304.9-020(19).Section 2.
License Application. To apply for a portable electronics retailer license, an applicant shall submit:(1)
Business Entities Application, Form PEI; and(2)
If the portable electronics retailer receives more than fifty (50) percent of its revenue from the sale of portable electronic insurance, the following information on the Form PEI-Locations:(a)
Contact information for officers, directors, and shareholders who have an ownership interest in the portable electronics insurance retailer of ten (10) percent or more;(b)
The percentage of ownership for each officer, director, or shareholder holding an ownership interest in the portable electronics retailer of ten (10) percent or more; and(c)
The title of and affiliation with the portable electronics retailer for any such officer, director, or shareholder; and(3)
The corresponding fees established by 806 KAR 4:010.Section 3.
Register.(1)
A licensed portable electronics insurance supervising entity shall maintain a register on a Form PEI-Locations that includes:(a)
The current name of the portable electronics retailer;(b)
The address for each business location including:1.
Street addresses; and2.
City, state, and zip code.(2)
The register shall be made available to the department upon request.Section 4.
Portable Electronics Insurance Retailer Supervising Entity Responsibilities. The portable electronics insurance retailer supervising entity shall:(1)
Be responsible for the insurance activities of the portable electronics retailer and its unlicensed employees and representatives; and(2)
Report all material changes and additions to the department within thirty (30) days.Section 5.
Material Incorporated by Reference.(1)
The following materials are incorporated by reference:(a)
Business Entities Application, Form PEI, 7/2022; and(b)
Form PEI-Locations, 2/2022.(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. 2891; 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 9:390.Portable ElectronicsElectronic Retailer license.
Section 1.
Definitions.(1)
"Portable electronics" is defined by KRS 304.9-020(16).(2)
"Portable electronics insurance" is defined by KRS 304.9-020(17)(a) and (b).(3)
"Portable electronics insurance supervising entity" is defined by KRS 304.9-020(18).(4)
"Portable electronics retailer" is defined by KRS 304.9-020(19).Section 2.
License Application. To apply for a portable electronics(1)
Business Entities Application, Form PEI; and(2)
If the portable electronics(a)
Contact information for officers, directors, and shareholders who have an ownership interest in the portable electronics(b)
The percentage of ownership for each officer, director, or shareholder holding an ownership interest in the portable electronics(c)
The title of and affiliation with the portable electronics(3)
The corresponding fees established by 806 KAR 4:010.Section 3.
Register.(1)
A licensed portable electronics insurance supervising entity shall maintain a register on a Form PEI-Locations that includes:(a)
The current name of the portable electronics(b)
The address for each business location including:1.
Street addresses; and2.
City, state, and zip code.(2)
The register shall be made available to the department upon request.Section 4.
Portable Electronics Insurance Retailer Supervising Entity Responsibilities. The portable electronics insurance retailer supervising entity shall:(1)
Be responsible for the insurance activities of the portable electronics(2)
Report all material changes and additions to the department within thirty (30) days.Section 5.
Material Incorporated by Reference.(1)
The following materials are incorporated by reference:(a)
Business Entities Application, Form PEI, 7/2022(b)
Form PEI-Locations, 2/2022.(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. 2891; 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.