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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 30 - Insurance Producers
§ 58-30-171 Payment to unlicensed insurance producer prohibited.
Universal Citation: SD Codified L § 58-30-171 (2019)
58-30-171. Payment to unlicensed insurance producer prohibited. No insurer or insurance producer may pay a commission, service fee, brokerage, or other valuable consideration to a person for selling, soliciting, or negotiating insurance in this state if that person is required to be licensed under §§ 58-30-141 to 58-30-195, inclusive, and is not so licensed. Nothing in this section allows an insurer to pay commissions to a nonappointed insurance producer if an appointment is otherwise required.
Source: SL 2001, ch 286, § 31.
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