The Kentucky Department of Insurance is a division of the Public Protection and Regulation Cabinet. The department is responsible for regulating the insurance market within the commonwealth, licensing insurance agents and others who work within the insurance industry. Perhaps its most important function is to monitor the financial stability of insurance companies that sell insurance and annuity contracts within the state of Kentucky.
Kentucky Insurance Commissioner
A veteran of Kentucky state government, Sharon P. Clark was appointed as the Commissioner of the Department of Insurance in 2008. Prior to her appointment, Commissioner Clark was the director of the Consumer Protection and Education division of the Department of Insurance. She succeeded in hiring the division's first ombudsman, adding consumer education programs and strengthening compliance by increasing the number of complaint investigators. A graduate of the University of Kentucky, Ms. Clark currently sits on the executive committee of the National Association of Insurance Commissioners. Commissioner Clark also serves as an officer for the Southeastern Zone and is both a member and officer of the National Producer Registry Board
Kentucky Annuity Resources
Residents of Kentucky looking for annuity resources on the Department of Insurance website will need to search deep within the site. While information about "Financial Standards and Examination" and "Market Conduct Regulation" can easily be found under the "Our Divisions/Programs" category, specific information about annuities is harder to come by. Consumers searching for information on "deferred annuities" or "immediate annuities" will more than like get results that pertain to the Kentucky Teachers' Retirement System. Annuity resource seekers may be better served by calling the Kentucky Department of Insurance directly at (502) 564-3630.
|State Commissioner:||Sharon P. Clark|
|Insurance Hotline:||(502) 564-6027|
|Annuity Guarantee Limit:||$100,000|
|Links:||Annuities for Seniors|