806 KAR 12:070. Life insurance application requirements.

RELATES TO: KRS 304.14-090, 304.14-120


NECESSITY, FUNCTION, AND CONFORMITY: KRS 304.2-110 provides that the Commissioner of Insurance may make reasonable rules and regulations necessary for or as an aid to the effectuation of any provisions of the Kentucky Insurance Code. This administrative regulation requires that an application for life insurance which was personally solicited by an agent have the location where the application was signed, be signed by the applicant, and further requires the agent to witness this signature.

Section 1. Every application for life insurance solicited personally by an agent shall have the location where the application is signed and the applicant's signature witnessed by the soliciting agent. (8 Ky.R. 1130; Am. 1413; eff. 6-25-82.)