(1) The commissioner may promulgate administrative regulations for the implementation and administration of the provisions of KRS 304.3-500 to 304.3- 570.
(2) An insurer shall not continue to utilize the services of a controlling agent on and after the effective date of KRS 304.3-500 to 304.3-570 unless utilization is in compliance with KRS 304.3-500 to 304.3-570.