[§431:9A-113]  Commissions.  (a)  Aninsurance company or insurance producer shall not pay a commission, servicefee, brokerage fee, or other valuable consideration to a person for selling,soliciting, or negotiating insurance in this State if that person is requiredto be licensed under this article and is not so licensed.

(b)  A person shall not accept a commission,service fee, brokerage fee, or other valuable consideration for selling,soliciting, or negotiating insurance in this State if that person is requiredto be licensed under this article and is not so licensed.

(c)  Renewal or other deferred commissions maybe paid to a person for selling, soliciting, or negotiating insurance in thisState if that person was required to be licensed under this article at the timeof the sale, solicitation, or negotiation and was so licensed.

(d)  An insurer or insurance producer may payor assign commissions, service fees, brokerage fees, or other valuableconsideration to an insurance agency or to persons who do not sell, solicit, ornegotiate insurance in this State, unless the payment would violate section431:13-103. [L 2001, c 216, pt of §2]