Members of the armed services will find it easier to keep or obtain an insurance agent’s license under a new law approved by Kentucky lawmakers.
Kentucky Governor Steve Beshear has signed into law HB 301 that streamlines the process by which members of the armed services and their spouses can obtain agent’s licenses to selling insurance products. Active service members on duty can renew any licenses or certificate without paying any dues or fees. Additionally, service members are no longer required to obtain continuing educational credits or meet any other requirement to renew their licenses.
The new law also allows spouses to obtain a temporary agent license without meeting the current requirements in the insurance code. Any temporary license will expire after six months and is not renewable.
Topics Agencies Legislation
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