No company shall enter into or renew any contract or agreement with any agent or other representative which permits the representative or agent to retain any portion of premiums received for the payment of losses incurred, or to be incurred, under policies of insurance issued for said company.
Rulemaking Authority 624.308 FS. Law Implemented 624.307(1), 626.581 FS. History-Repromulgated 12-24-74, Formerly 4-4.07, 4-4.007, 4-184.008.