58-30-132. Acts of managing general agent--Examination by director--Costs.
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/sd/title-58/chapter-58-30/58-30-132·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent is subject to examination by the director pursuant to chapter 58-3 . Unless otherwise set forth in the contract between the insurer and the managing general agent, the insurer shall pay the costs and expenses of the examination pursuant to § 58-3-15 .