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Code · South Dakota · Title 58 · Chapter 58-30

58-30-12.1. Excess or rejected life or health insurance or annuity risks--Placement by insurance producer licensed for life or health insurance.

77 words·~1 min read·/sd/title-58/chapter-58-30/58-30-12-1·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

An insurance producer licensed for life or health insurance, or both, may place excess or rejected life or health insurance or annuity risks with any authorized insurer other than an insurer the insurance producer is licensed to represent; but the insurance producer may not receive commissions or other compensation from such other insurer for the business so placed until after the insurance producer has been appointed an insurance producer of the insurer in accordance with this title.
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