58-30-172. Acceptance of payment by unlicensed insurance producer prohibited.
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/sd/title-58/chapter-58-30/58-30-172·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No person may accept a commission, service fee, brokerage, or other valuable consideration for selling, soliciting, or negotiating insurance in this state if that person is required to be licensed or appointed under §§ 58-30-141 to 58-30-195 , inclusive, and is not so licensed or appointed.