- (a) No licensee shall divide with others or share in any commissions payable on account of the exercise of a license under this title except a producer may divide or share in the commissions with other producers licensed as to the same kinds of insurance or classifications thereof.
- (b) Violation of this section shall be punishable as provided in subsection (b) of Section 27-7-34.
(Acts 1957, No. 530, p. 726, §15; Acts 1971, No. 407, p. 707, §147; Act 2001-702, p. 1509, §9.)