Exemptions from prelicensing education or examination

15, 2026) Prelicensing education or examination shall not be required of: (1) (a) An individual licensee who allows his or her license to lapse if the license renewal fee is paid within twelve (12) months from the due date of the license renewal fee, except a penalty in the amount of double the unpaid renewal fee shall be imposed. (b) The department shall issue a license with the same lines of authority as the lapsed license; (2) Any applicant for a license covering any line of authority to which the applicant was licensed under a similar license in Kentucky, other than a temporary license, within the twelve (12) months next preceding the date of application, except the applicant is not eligible for this exemption if the previous license was revoked or suspended by the commissioner for reasons other than failure to meet continuing education requirements as required by KRS 304.9-295; (3) A licensed insurance agent operating as a life settlement broker pursuant to KRS 304.15-700(2)(b); (4) (a) An individual who applies for an insurance producer license in Kentucky who was previously licensed for the same lines of authority in another state. (b) This exemption is only available if: 1. The applicant is currently licensed in the other state; or 2. a. The application is received within ninety (90) days of the cancellation of the applicant's previous license; and b. The prior state issues a certification that, at the time of cancellation: i. The applicant was in good standing in that state; or ii. The state's database records, maintained by the National Association of Insurance Commissioners, its affiliates, or subsidiaries, indicate that the insurance producer is or was licensed in good standing for the line of authority requested; (5) Except as otherwise established by the commissioner in an administrative regulation, an individual who: (a) Was licensed as a resident insurance producer in another state within the last twelve (12) months; (b) Moves to Kentucky; and (c) Makes an application within ninety (90) days of establishing legal residence in Kentucky to become a resident licensee in accordance with KRS 304.9-105 for any line of authority previously held in the prior home state within the last twelve (12) months; (6) An applicant for an insurance producer's license who is currently licensed in Kentucky as a consultant as to the same line of authority, or has been so licensed within twelve (12) months next preceding the date of application for the license, unless the previous license was revoked or suspended or continuation thereof  refused by the commissioner for reasons other than failure to maintain financial responsibility as required by KRS 304.9-330; or (7) Any applicant for a license covering the same line of authority as to which that applicant held a valid license issued in accordance with this subtitle or other applicable Kentucky law which was surrendered, in accordance with KRS 304.2- 080 or other applicable law, in order to accept employment with the Department of Insurance, except the applicant shall apply for relicensing within twelve (12) months of the date of termination of his or her employment with the Department of Insurance.