S.D. Codified Laws § 58-5-122

Current through the 2024 Legislative Session
Section 58-5-122 - Compensation for promoting bulk reinsurance prohibited

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.

SDCL 58-5-122

SL 1966, ch 111, ch 16, § 40 (3); SL 2001, ch 286, §71.