40-4911. Same; agents receipt of compensation. A licensed insurance agent may receive compensation for or on account of negotiating contracts of insurance or placing or soliciting or effecting contracts of insurance. Nothing in this chapter shall abridge or restrict freedom of contract of insurance carriers or agents or brokers with reference to the amount of commissions or fees to be paid to such insurance agents and such payments are expressly authorized. Insurance agents shall have the right to compensation other than commissions from any insured or prospective insured on account of negotiation or procurement of or other services in connection with contracts of insurance policies including adjustment of claims if such compensation is based upon a written agreement between the insurance agent and insured specifying the amount of such compensation. Nothing herein contained shall affect the right of any insurance agent to recover from the insured the amount of any premium or premiums for insurance placed by or through the insurance agent.
History: L. 2001, ch. 91, ยง 11; July 1.
Structure Kansas Statutes
Article 49 - Uniform Insurance Agents Licensing Act
40-4901 Uniform insurance agents licensing act; citation; applicability.
40-4904 Same; license; exemptions.
40-4906 Same; nonresident agent license; requirements.
40-4907 Same; temporary license; when authorized; powers of commissioner.
40-4908 Same; waiver of examinations.
40-4910 Same; commissions, service fees or brokerage fees prohibited; exceptions.
40-4911 Same; agents receipt of compensation.
40-4912 Same; appointment of agents.
40-4914 Same; waiver of conditions for nonresident insurance agent license; conditions.
40-4915 Same; insurance agent license; renewal; penalty for nonrenewal.
40-4916 Same; rules and regulations.