KRS 304.9-421: Sharing of commissions.

Except as otherwise provided in KRS 304.52 -030, no agent, consultant, adjuster, or

surplus lines broker shall directly or indirectly share his or 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 commis sions 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, o r stockholders of

licensee business entities.