Everything You Need to Know About Kentucky’s 2025 Appointment Renewals
Kentucky carrier appointment renewals will be calculated on January 1, 2025. Invoices will be generated the following day, January 2, 2025, and will be available on the NIPR website starting January 3, 2025, along with a list of appointments due for renewal. Renewal fees must be paid by 3 pm Eastern Time on March 31, 2025, to avoid cancellations. If the invoice is not settled by 3 pm Eastern Time on June 30, 2025, all appointments will be canceled.
Appointment Renewal Invoice:
Kentucky carrier appointment renewals will be calculated on January 1, 2025. Invoices will be generated on January 2 and available on the NIPR website starting January 3, 2025, along with a list of appointments due for renewal. Renewal fees must be paid by 3 pm ET on March 31, 2025, to avoid cancellations. Unpaid invoices by 3 pm ET on June 30, 2025, will result in canceled appointments.
Processing Appointment Terminations:
Termination notices for appointments that you do not wish to renew must be received by NIPR (NIPR website) no later than 11:59 pm Eastern Time December 31, 2025, to allow enough time for processing before the renewal invoices are created.
Fee Structure:
January 3, 2025 – March 31, 2025
Non-Resident Individuals – Producer $50
Non-Resident Individuals – Business Entity $120
Resident Individuals – Producer $40
Resident Individuals – Business Entity $100
Additional Late Fees
Non-Resident Individuals – Producer $100
Non-Resident Individuals – Business Entity $240
Resident Individuals – Producer $80
Resident Individuals – Business Entity $200
Fee Disclaimer
The renewal amount is DOUBLED, pursuant to Kentucky Law, if payment is not received in full by close of business March 31, 2023 (3 pm CDT). All appointments will expire if not paid in full by close of business June 30, 2023 (3 pm CDT)
Takeaways:
Payments for Kentucky appointment renewals must be made through NIPR’s electronic options (Kentucky Appointment Renewals | NIPR). If you are unable to process renewals electronically, please reach out to Lee Webb at the Agent Licensing Division at (502) 564-6004 for assistance. Once an invoice and list are generated and available, companies will not be able to terminate or remove any appointments. Payments made through NIPR will be immediately updated on the invoice, and NIPR will transfer payments and renewal details to the state within 24 hours. Please note, both Appointment Renewal and NIPR processing fees are non-refundable. There are no “black-out” periods for Kentucky appointments, so carriers can make changes throughout the renewal period. If payment is not fully processed by 3 pm EDT on March 31, 2025, the renewal amount will double, as required by Kentucky Law. Any unpaid appointments will be canceled if not settled by 3 pm EDT on June 30, 2025. Invoices will be unavailable from 3 pm EDT on March 31, 2025, until 8 am EDT on April 1, 2025, to accommodate invoice fee updates.
To maintain carrier appointment compliance, it is recommended that one is aware of these dates. For questions, contact the Kentucky Department of Insurance or visit their website at: DEPARTMENT OF INSURANCE.
Address
Kentucky Department of Insurance Mayo-Underwood Building
500 Mero Street, 2 SE 11 Frankfort, KY 40601
Mailing Address
Kentucky Department of Insurance
P.O. Box 517 Frankfort, KY 40602
Disclaimer: This post is for informational purposes only and does not constitute legal or compliance advice. Agenzee does not warrant the accuracy of and assumes no liability for reliance. Please consult regulators or professional advisors as needed. See our full disclaimer for details.
Disclaimer
The information shared in this Resource Center is provided for general educational purposes only. It is not intended as legal, compliance, financial, or other professional advice, and should not be relied upon as such. Laws and regulatory requirements change frequently, and applications may vary depending on your circumstances, so you should verify requirements directly with applicable regulators and seek advice from qualified professionals as needed before choosing to rely solely on information shared in this blog. Agenzee makes no representations or warranties regarding the accuracy, completeness, or timeliness of the information, and assumes no liability for any loss or damages arising from its use. Agenzee is an independent provider of certain services and is not affiliated with or endorsed by the National Insurance Producer Registry (NIPR) or any state regulatory authority.
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