The Agent Licensing Division makes certain that only knowledgeable and qualified insurance representatives sell insurance products to Kentucky consumers. The Division administers examinations, monitors continuing education courses, and licenses agents, administrators, adjusters, and consultants.
I ne Consumer Protection Division is the main link between the Department and the citizens of the Commonwealth. The Division also administers the emergency response program, which provides on-site assistance to citizens or communities affected by insured disasters within the Commonwealth. The Market Conduct Unit of Consumer Protection analyzes and examines the business practices of insurers.
The Mine Subsidence program is responsible for management of premiums collected for insurance coverage against losses arising out of or due to collapsed underground coal mines within Kentucky covered by the program.
The Property and Casualty Division regulates admitted property and casualty insurers and self-insured groups.
The budget includes additional Restricted Funds of $975,000 in each fiscal year for additional actuary hours in the Property and Casualty Division and the Financial Standards and Examination Division.
The Governor's budget includes additional funding in the amount of $191,000 in fiscal year 2027 and $392,600 in fiscal year 2028 to fund a 2% salary increment in fiscal year 2027 and an additional 2% in fiscal year 2028.
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