{"id":24678,"date":"2026-01-22T17:54:27","date_gmt":"2026-01-22T17:54:27","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=855269"},"modified":"2026-01-22T17:54:27","modified_gmt":"2026-01-22T17:54:27","slug":"kentucky-doi-warns-agents-to-be-careful-giving-investment-advice","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2026\/01\/22\/kentucky-doi-warns-agents-to-be-careful-giving-investment-advice\/","title":{"rendered":"Kentucky DOI Warns Agents to Be Careful Giving Investment Advice"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2026\/01\/investment-advisor-art-580x364.jpeg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2026\/01\/investment-advisor-art-scaled.jpeg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/southeast\/2026\/01\/22\/855269.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/southeast\/2026\/01\/22\/855269.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>The Kentucky Department of Insurance is reminding insurance agents to be careful when advising clients on securities transactions.<\/p>\n<p>State <a href=\"https:\/\/apps.legislature.ky.gov\/law\/statutes\/statute.aspx?id=15534\">law<\/a> requires that investment advisors be registered with the state. And when an insurance agent advises a consumer to \u201csell, surrender, roll over, or otherwise liquidate a securities product (e.g., 401(k) plans, IRAs, mutual funds, and brokerage accounts) in favor of an insurance or annuity product, and is compensated in connection with that advice, the agent may be acting\u201d as an investment advisor, the department said in a <a href=\"https:\/\/insurance.ky.gov\/ppc\/new_default.aspx\">bulletin<\/a> this month.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"agencies\" data-revive-companies data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>In such cases, the agent may be subject to registration and compliance with the Securities Act of Kentucky.<\/p>\n<p>Unless registered as an investment advisor, agents should avoid:<\/p>\n<ul>\n<li>Recommending the liquidation or transfer of securities to purchase insurance or annuity products, especially when profiting from that advice.<\/li>\n<li>Providing opinions or forecasts about securities or comparative performance between securities and insurance products that could be interpreted as investment advice.<\/li>\n<\/ul>\n<p>The DOI did not say what prompted the reminder, or if the DOI has received complaints from consumers. Questions may be directed to the Department of Financial Institutions at <a href=\"mailto:KFI@ky.gov\">KFI@ky.gov<\/a>.<\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/agencies\/\" class=\"btn btn-sm btn-primary tagtag\">Agencies<\/a> <a href=\"https:\/\/www.insurancejournal.com\/location\/kentucky\/\" class=\"btn btn-sm btn-primary tagtag\">Kentucky<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"855269\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! Please tell us what we can do to improve this article.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-yes\">\n<form class=\"feedback-form\">\n<p>Thank you! <span class=\"percent\"><\/span>% of people found this article valuable. Please tell us what you liked about it.<\/p>\n<p> <textarea placeholder=\"Enter your feedback...\"><\/textarea> <button type=\"submit\" class=\"submit\" disabled>Submit<\/button> <button class=\"cancel\">No Thanks<\/button> <\/form>\n<\/p><\/div>\n<div class=\"article-poll-more-articles\">\n<p class=\"thank-you-text\">Here are more articles you may enjoy.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"subscribe-banner subscribe-banner-in-content-2\">\n<div class=\"content\">\n<h4>Interested in <em>Agencies<\/em>?<\/h4>\n<p>Get automatic alerts for this topic.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Article 0 Comments The Kentucky Department of Insurance is reminding insurance agents to be careful when advising clients on securities transactions. State law requires that investment advisors be registered with the state. And when&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":24679,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[361,1884,1885,1,45],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2026\/01\/kentucky-doi-warns-agents-to-be-careful-giving-investment-advice.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24678"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=24678"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/24678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/24679"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=24678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=24678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=24678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}