Section 304.52-060 - Licensed persons who may handle travel insurance without adjuster license - Insurer's responsibility(1) A person holding a managing general agent license or an administrator license in this state, or an insurance agent licensed in this state with property and casualty lines of authority for activities permitted under that license, may directly or indirectly underwrite, collect charges, collateral, or premiums from, or adjust or settle claims without an adjuster license on residents of this state, in connection with travel insurance.(2) An insurer is responsible for: (a) The acts of a managing general agent, administrator, or licensed insurance agent administering travel insurance underwritten by the insurer; and(b) Ensuring that the managing general agent, administrator, or licensed insurance agent maintains all books and records relevant to the insurer, which shall be made available by the managing general agent, administrator, or licensed insurance agent to the commissioner upon request.Effective: June 29, 2021
Created 2021 Ky. Acts ch. 36, sec. 6, effective June 29, 2021.
Added by 2021 Ky. Acts ch. 36,§ 6, eff. 6/29/2021.