806 KAR 9:380. Limited Lines Self-Service Storage Space Insurance Requirements

Section 1. Definitions. (1) "Limited lines self-service storage space insurance producer" is defined by KRS 304.9-495(1). (2) "Self-service storage facility" is defined by KRS 304.9-495(6). (3) "Self-service storage space insurance" is defined by KRS 304.9-495(7). Section 2. License Application. (1) To apply for a limited lines self-service storage space insurance producer license, an applicant shall submit: (a) The appropriate completed form: 1. For individuals, Form 8301, incorporated by reference in 806 KAR 9:025; or 2. For Business Entities, Form 8301-BE, incorporated by reference in 806 KAR 9:025; (b) A register, signed by the licensed limited lines self-service storage space insurance producer applicant, as prescribed on the Self-Service Storage Space Location Form, and in accordance with KRS 304.9-496(1)(b); and (c) Payment of fees in accordance with 806 KAR 4:010. (2) The register provided on the Self-Service Storage Space Location Form shall be made available to the department upon request. Section 3. Limited Lines Self-Service Storage Space Insurance Producer Responsibilities. A licensed limited lines self-service storage space insurance producer shall: (1) Be responsible for the acts of the self-service storage facility operator that occur within the scope of their operation of a self-service storage facility; (2) Provide a program for instructional training to the employees of the self-service storage facility operator; (3) Be responsible for the insurance activities of the self-service storage facility, its operators, unlicensed employees, and representatives; (4) Report all material changes and additions to the department within thirty (30) days; and (5) Before transacting any business at any location, ensure that the self-service storage facility and its operators provide the appropriate consumer protection disclosures as prescribed in KRS 304.9-497 to all prospective consumers in writing. Section 4. Material Incorporated by Reference. (1) The Self-Service Storage Space Location Form, 2/2022 is incorporated by reference. (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.