There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Subtitle 9. Agents, Consultants, Solicitors and Adjusters
304.9.421 Sharing of commissions prohibited.
Download pdfor her commission or other compensation received or to be received on account of a
transaction under his or her license with any individual or business entity not also
licensed as agent, consultant, adjuster, or surplus lines broker under this subtitle as to the
kinds of insurance involved in the transaction. This provision shall not affect personal use
of the commissions or compensation, override commission, payment of the regular
salaries due employees of the agent, consultant, adjuster, or surplus lines broker, or
distribution in the regular course of business of compensation and profits among
members, employees, or stockholders of licensee business entities. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 83, sec. 9, effective July 15, 2010. -- Amended 2000 Ky. Acts ch. 393, sec. 30, effective July 14, 2000. -- Created 1984 Ky. Acts
ch. 322, sec. 9, effective July 13, 1984.
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