58-24-71. Third-party consultant disclosure requirements.
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/sd/title-58/chapter-58-24/58-24-71·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a third - party consultant is retained by the exempt commercial policyholder to act as the policyholder's risk manager when a quote for insurance is delivered to the policyholder, the consultant shall disclose, in writing, the existence of any commission, fee, or contingency arrangement the third - party consultant has with the insurer.