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40-4911

Chapter 40.--INSURANCE Article 49.--UNIFORM INSURANCE AGENTS LICENSING ACT

40-4911. Same; agents receipt ofcompensation.A licensed insuranceagent may receive compensationfor or on account of negotiating contracts of insurance or placing orsolicitingor effecting contracts of insurance. Nothing in this chapter shall abridgeor restrict freedom of contract of insurance carriers or agents or brokerswith reference to the amount of commissions or fees to be paid to suchinsurance agents and such payments are expresslyauthorized. Insurance agents shall have the rightto compensation other than commissions from any insured or prospective insuredon account of negotiation or procurement of or other services in connectionwith contracts of insurance policies including adjustment of claims if suchcompensation is based upon a written agreement between theinsurance agent and insuredspecifying the amount of such compensation. Nothing herein contained shallaffect the right of any insurance agent to recover fromthe insured the amount ofany premium or premiums for insurance placed by or through the insuranceagent.

History: L. 2001, ch. 91, § 11; July 1.

State Codes and Statutes

Statutes > Kansas > Chapter40 > Article49 > Statutes_18317

40-4911

Chapter 40.--INSURANCE Article 49.--UNIFORM INSURANCE AGENTS LICENSING ACT

40-4911. Same; agents receipt ofcompensation.A licensed insuranceagent may receive compensationfor or on account of negotiating contracts of insurance or placing orsolicitingor effecting contracts of insurance. Nothing in this chapter shall abridgeor restrict freedom of contract of insurance carriers or agents or brokerswith reference to the amount of commissions or fees to be paid to suchinsurance agents and such payments are expresslyauthorized. Insurance agents shall have the rightto compensation other than commissions from any insured or prospective insuredon account of negotiation or procurement of or other services in connectionwith contracts of insurance policies including adjustment of claims if suchcompensation is based upon a written agreement between theinsurance agent and insuredspecifying the amount of such compensation. Nothing herein contained shallaffect the right of any insurance agent to recover fromthe insured the amount ofany premium or premiums for insurance placed by or through the insuranceagent.

History: L. 2001, ch. 91, § 11; July 1.

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State Codes and Statutes

Statutes > Kansas > Chapter40 > Article49 > Statutes_18317

40-4911

Chapter 40.--INSURANCE Article 49.--UNIFORM INSURANCE AGENTS LICENSING ACT

40-4911. Same; agents receipt ofcompensation.A licensed insuranceagent may receive compensationfor or on account of negotiating contracts of insurance or placing orsolicitingor effecting contracts of insurance. Nothing in this chapter shall abridgeor restrict freedom of contract of insurance carriers or agents or brokerswith reference to the amount of commissions or fees to be paid to suchinsurance agents and such payments are expresslyauthorized. Insurance agents shall have the rightto compensation other than commissions from any insured or prospective insuredon account of negotiation or procurement of or other services in connectionwith contracts of insurance policies including adjustment of claims if suchcompensation is based upon a written agreement between theinsurance agent and insuredspecifying the amount of such compensation. Nothing herein contained shallaffect the right of any insurance agent to recover fromthe insured the amount ofany premium or premiums for insurance placed by or through the insuranceagent.

History: L. 2001, ch. 91, § 11; July 1.