South Dakota Codified Laws 58-5-122. Compensation for promoting bulk reinsurance prohibited
Current as of: 2023 | Check for updates
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No director, officer, insurance producer, or employee of any insurer party to such reinsurance, nor any other person, may receive any fee, commission, or other valuable consideration whatsoever for in any manner aiding, promoting, or assisting therein except as set forth in the reinsurance agreement.
Terms Used In South Dakota Codified Laws 58-5-122
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 1966, ch 111, ch 16, § 40 (3); SL 2001, ch 286, § 71.