40-4910.Same; commissions, service fees orbrokerage fees prohibited; exceptions.(a) No insurance company or insurance agent shallpay acommission, service fee, brokerage or other valuable consideration to a personforselling, soliciting or negotiating insurance in this state if that person isrequired tobe licensed under this act and is not so licensed.
(b) No person shall accept a commission, service fee, brokerage or othervaluable consideration for selling, soliciting or negotiating insurance in thisstate ifthat person is required to be licensed under this act and is not so licensed.
(c) Renewal or other deferred commissions may be paid to a person forselling,soliciting or negotiating insurance in this state if:
(1) Such person was required tobelicensed under this act at the time the sale, solicitation or negotiationof insurance occurred; and
(2) such person waslicensed as required by this act when the sale, solicitation or negotiation ofinsurance occurred.
(d) An insurance agent may place a kind or kinds of business, for whichsuch insurance agentislicensed pursuant to this act, with an insurer for which such insuranceagent is not an agent, byplacingsuch business through an agent of such insurer.
(e) An insurance agent may divide or share in commissions with otheragents licensed to write the same kind or kinds of insurance provided thesolicitation of such business shall be subject to subsection (d).
(f) Any insurance agent may pay or assign a commission, service fee,brokerage or any other valuable consideration to an insurance agency or anyfinancial holding company which does not sell, solicit or negotiate insurancein this state unlesssuch payment or assignment violates any provision of K.S.A. 40-2404 andamendments thereto.
40-4910.Same; commissions, service fees orbrokerage fees prohibited; exceptions.(a) No insurance company or insurance agent shallpay acommission, service fee, brokerage or other valuable consideration to a personforselling, soliciting or negotiating insurance in this state if that person isrequired tobe licensed under this act and is not so licensed.
(b) No person shall accept a commission, service fee, brokerage or othervaluable consideration for selling, soliciting or negotiating insurance in thisstate ifthat person is required to be licensed under this act and is not so licensed.
(c) Renewal or other deferred commissions may be paid to a person forselling,soliciting or negotiating insurance in this state if:
(1) Such person was required tobelicensed under this act at the time the sale, solicitation or negotiationof insurance occurred; and
(2) such person waslicensed as required by this act when the sale, solicitation or negotiation ofinsurance occurred.
(d) An insurance agent may place a kind or kinds of business, for whichsuch insurance agentislicensed pursuant to this act, with an insurer for which such insuranceagent is not an agent, byplacingsuch business through an agent of such insurer.
(e) An insurance agent may divide or share in commissions with otheragents licensed to write the same kind or kinds of insurance provided thesolicitation of such business shall be subject to subsection (d).
(f) Any insurance agent may pay or assign a commission, service fee,brokerage or any other valuable consideration to an insurance agency or anyfinancial holding company which does not sell, solicit or negotiate insurancein this state unlesssuch payment or assignment violates any provision of K.S.A. 40-2404 andamendments thereto.
40-4910.Same; commissions, service fees orbrokerage fees prohibited; exceptions.(a) No insurance company or insurance agent shallpay acommission, service fee, brokerage or other valuable consideration to a personforselling, soliciting or negotiating insurance in this state if that person isrequired tobe licensed under this act and is not so licensed.
(b) No person shall accept a commission, service fee, brokerage or othervaluable consideration for selling, soliciting or negotiating insurance in thisstate ifthat person is required to be licensed under this act and is not so licensed.
(c) Renewal or other deferred commissions may be paid to a person forselling,soliciting or negotiating insurance in this state if:
(1) Such person was required tobelicensed under this act at the time the sale, solicitation or negotiationof insurance occurred; and
(2) such person waslicensed as required by this act when the sale, solicitation or negotiation ofinsurance occurred.
(d) An insurance agent may place a kind or kinds of business, for whichsuch insurance agentislicensed pursuant to this act, with an insurer for which such insuranceagent is not an agent, byplacingsuch business through an agent of such insurer.
(e) An insurance agent may divide or share in commissions with otheragents licensed to write the same kind or kinds of insurance provided thesolicitation of such business shall be subject to subsection (d).
(f) Any insurance agent may pay or assign a commission, service fee,brokerage or any other valuable consideration to an insurance agency or anyfinancial holding company which does not sell, solicit or negotiate insurancein this state unlesssuch payment or assignment violates any provision of K.S.A. 40-2404 andamendments thereto.
