Kentucky Statutes 342.831 – Marketing and sales agents — Commissions
Current as of: 2024 | Check for updates
|
Other versions
(1) For marketing and sales purposes, the authority shall utilize only agents duly and legally licensed and in good standing in accordance with the provisions of KRS Chapter 304 to sell coverage provided by the authority. The authority shall not be required to appoint agents.
(2) Commissions paid for marketing or sales by an insurance agent shall be determined by the manager, subject to the approval of the board.
Effective: June 24, 2003
History: Amended 2003 Ky. Acts ch. 168, sec. 1, effective June 24, 2003. — Created
1994 Ky. Acts ch. 181, Part 12, sec. 54, effective April 4, 1994.
(2) Commissions paid for marketing or sales by an insurance agent shall be determined by the manager, subject to the approval of the board.
Terms Used In Kentucky Statutes 342.831
- Board: means the Workers' Compensation Board. See Kentucky Statutes 342.0011
Effective: June 24, 2003
History: Amended 2003 Ky. Acts ch. 168, sec. 1, effective June 24, 2003. — Created
1994 Ky. Acts ch. 181, Part 12, sec. 54, effective April 4, 1994.