Kentucky Administrative Regulations › Title 806 - PUBLIC PROTECTION CABINET - DEPARTMENT OF INSURANCE › Chapter 9 - Agents, Consultants, Solicitors and Adjusters › Section 806 KAR 9:350 - Recognition of financial planning certification and designation for receipt of fees and commissions

Current through Register Vol. 51, No. 1, July 1, 2024
RELATES TO:
				KRS
				304.9-350
NECESSITY, FUNCTION, AND CONFORMITY:
				KRS
				304.2-110 authorizes the commissioner to
				promulgate administrative regulations necessary for or as an aid to the
				effectuation of any provision of the Kentucky Insurance Code.
				KRS
				304.9-350(8) authorizes the
				commissioner to promulgate an administrative regulation to recognize a formal
				financial planning certification or designation for the purposes of receiving a
				fee for financial planning services and the sale, solicitation or negotiation
				of life insurance or annuities for the same insurance risk. This administrative
				regulation sets forth the listing of recognized financial planning
				certifications and designations.
Section
			 1. Recognition of Financial Planning Certification and
			 Designation. For purposes of
			 KRS
			 304.9-350(8), the Department
			 of Insurance recognizes the following financial planning certifications and
			 designations:
(1) Accredited Asset Management
			 Specialist (AAMS);
(2) Accredited
			 Estate Planner (AEP);
(3) Associate
			 Financial Advisor (AFA);
(4)
			 Accredited Financial Counselor (AFC);
(5) Associate, Financial Services Institute
			 (AFSI);
(6) Accredited Wealth
			 Manager Advisor (AWMA);
(7) Board
			 Certified in Estate Planning (BCE);
(8) Chartered Asset Manager (CAM);
(9) Chartered Advisor for Senior Living
			 (CASL);
(10) Certificate in
			 Investment Performance Measurement (CIPM);
(11) Certified Estate Advisor
			 (CEA);
(12) Certified Estate
			 Planner (CEP);
(13) Certified
			 Financial Planner (CFP);
(14)
			 Certified Fund Specialist (CFS);
(15) Certified Investment Management Analyst
			 (CIMA);
(16) Certified Pension
			 Consultant (CPC);
(17) Certified
			 Public Accountant (CPA);
(18)
			 Chartered Advisor in Philanthropy;
(19) Chartered Financial Analyst
			 (CFA);
(20) Chartered Financial
			 Consultant (ChFC);
(21) Chartered
			 Life Underwriter (CLU);
(22)
			 Chartered Market Technician (CMT);
(23) Chartered Mutual Fund Counselor
			 (CMFC);
(24) Chartered Portfolio
			 Manager (CPM);
(25) Chartered
			 Retirement Planning Counselor (CRPC);
(26) Chartered Retirement Plan Specialist
			 (CRPS);
(27) Chartered Senior
			 Financial Planner (CSFP);
(28)
			 Chartered Trust and Estate Planner (CTEP);
(29) Fellow, Financial Services Institute
			 (FFSI);
(30) Fellow of the Life
			 Management Institute (FLMI);
(31)
			 Financial Services Specialist (FSS);
(32) Master Financial Advisor
			 (MFA);
(33) Master Financial
			 Manager (MFM);
(34) Master
			 Financial Professional (MFP);
(35)
			 Masters of Science in Financial Services (MSFS);
(36) Personal Financial Specialist
			 (PFS);
(37) Professional Financial
			 Advisor (PFA);
(38) Qualified Plan
			 Financial Consultant (QPFC);
(39)
			 Registered Financial Specialist (RFS);
(40) Registered Financial Planner (RFP);
			 or
(41) Senior Registered Financial
			 Planner (SRFP).