2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 30 - Insurance Producers
§ 58-30-207 Rental car insurance advertising and compensation restrictions.
58-30-207. Rental car insurance advertising and compensation restrictions. No rental car agent may:
(1) Advertise, represent, or otherwise portray itself or any of its employees or agents as licensed insurers or insurance producers; or
(2) Pay any person, including a rental car agent endorsee, any compensation, fee, or commission that is dependent solely on the placement of insurance under the license issued pursuant to §§ 58-30-197 to 58-30-208, inclusive. Nothing in §§ 58-30-197 to 58-30-208, inclusive, prohibits production payments or incentive payments that are not dependent solely upon the sale of rental car insurance.
Source: SL 2001, ch 272, § 11; SDCL § 58-9-44; SL 2010, ch 233, § 2.
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