December 5, 2014
Kentucky Company Appointment Renewal for 2015
Key Information:
Kentucky will process all 2015 insurer appointment renewals electronically through the National Insurance Producer Registry (NIPR).
- The NIPR website is: www.nipr.com
- If an effective termination date is on or before December 31, 2014, it must be received and processed by Kentucky DOI prior to January 5, 2015.
- Life, Health, Variable Life and Annuity appointments will be renewed in 2015.
- Property, Casualty, Personal Lines Other line appointments will be renewed in 2016.
- The NIPR website will have the renewal invoice and a list of appointments due for renewal available on January 9, 2015.
- To correctly update your invoice status, please make payments directly to NIPR as instructed on the web-site. Electronic payment options offered by NIPR will immediately reflect the invoices as paid and will forward payment and renewal transactions to Kentucky within 24 hours of receipt of payment.
- By using NIPR's electronic payment process, you will be assured that the Kentucky appointment renewals will be updated.
- Invoices will not be displayed or made available for payment on the NIPR website after 4 pm CDT on June 30, 2015.
- Kentucky appointments will be updated to reflect expiration as a result of non-payment after the renewal period ends at 4 pm CDT June 30, 2015.
IMPORTANT PAYMENT INFORMATION
Payments for Kentucky appointment renewals must be received by NIPR through the electronic options made available. If you are unable to process appointment renewals electronically, please contact Lee Webb at the Agent Licensing Division (502) 564-6004 for assistance.
NOTE - PAPER CHECKS WILL NOT BE ACCEPTED FOR PROCESSING:
- Companies that submit payment to NIPR via paper check will not have their renewal invoice processed, and payment will be returned.
- Since receipt of a paper check is through a lock box account, it may take NIPR several days to post the paper check in order to issue a refund check to your company.
- NIPR is not responsible for any renewal late fees incurred during this period.
Kentucky Authorities Available for Company Appointment Renewal in 2014
Company Appointment Renewable Lines |
- Life
- Health
- Variable Life and Annuity
|
NIPR Transaction Fees
Transaction Fees |
NIPR Renewal processing fee will equal 1% of the total state fee charged with a minimum of $5.00 and maximum of $1000.00.
Example:
# of appts Price Total
100 $10.00 $1000.00
Transaction fee is 1% of $1000.00 or $10.00
*NIPR fees are not refundable |
Kentucky State Appointment Renewal Fees |
January 9, 2015 |
To |
March 31, 2015 |
Individual producers with resident license $40.00 |
January 9, 2015 |
To |
March 31, 2015 |
Business entity/agencies with resident license $100.00 |
January 9, 2015 |
To |
March 31, 2015 |
Individual producers with non-resident license $50.00 |
January 9, 2015 |
To |
March 31, 2015 |
Business entity/agencies with non-resident license $120.00 |
Please note, the renewal amount is doubled, pursuant to Kentucky Law, if payment is not received, processed, and paid in full by Close of Business March 31, 2015 (4 pm CDT). All appointments will expire if not paid in full by Close of Business June 30, 2015 (4 pm CDT).
| Payment Method and other Fees |
Credit Card |
No processing fee |
- Visa, MasterCard or American Express.
- Please note there is a $60,000.00 limit on Credit Card payments. If your invoice exceeds $60,000.00, you must choose an alternative payment method. If you have questions regarding the other methods, please contact NIPR Customer Service.If you have questions regarding the other methods, please call NIPR Customer Service. An appropriate receipt will be displayed for you to print for your records.
|
Electronic Check |
There are no check processing fees for utilizing the electronic check payment method, but NIPR transaction fees will apply |
- Customers using the Pay by Check method should know that funds must be drawn on a U.S., Puerto Rican or U.S. Virgin Islands financial institution.
- An appropriate receipt will be displayed for you to print and file.
- If your account needs pre-authorization to utilize the electronic check service, you will need to provide your financial institution with this information: NIPR ACH – 9431763793.
- There is a $25.00 returned check charge for any electronic check that does not clear the applicant’s bank. Additionally, the state will be notified if any issue with payment is not promptly resolved, possibly resulting in non-renewal of appointments or a reversal of renewals, until payment is made.
|
| PayPal Account
|
No processing fee
|
|
APPOINTMENT RECONCILIATION INFORMATION
Insurance carriers with an NAIC CoCode wishing to reconcile company appointments with the state insurance department may obtain a list of appointments via the Company Appointment Report (CAR) prior to appointment renewal invoices being created. Terminations can be made through the Interactive Appointment and Termination Application. Both of these applications are available to NIPR Subscribers. If you are not a subscriber or need to verify that you are subscribed to these products, please contact NIPR at 816-783-8467 or marketing@nipr.com for subscription information. You may also utilize the services on an NIPR Authorized Business Partner).
Kentucky Insurer Appointment Renewal Process (Available January 9, 2015)
On the Internet, go to www.nipr.com
- Follow the links to company appointment renewals and sign-in using your company identifiers: company cocode, FEIN, and/or company name
- After entering the necessary identifying information, you can:
- Print/Pay the Invoice
- View/Print the detail report of appointment renewals
- Download the Report as text (delimited)
- Download the Report as XML.
- Help screens and NIPR Customer Service are available to guide you through the appointment renewal process.
If you have any questions regarding the appointment renewal process, please contact: