58-30-184. Liability for information relating to termination.
182 words·~1 min read·
/sd/title-58/chapter-58-30/58-30-184·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In the absence of actual malice, an insurer, the authorized representative of the insurer, an insurance producer, the director, or an organization of which the director is a member that compiles the information and makes it available to other insurance directors, commissioners, or superintendents, or regulatory or law enforcement agencies, is not subject to civil liability, and no civil cause of action of any nature may arise against these entities or their respective agents or employees, as a result of any statement or information required by or provided pursuant to §§ 58-30-180 to 58-30-193 , inclusive, or any information relating to any statement that may be requested in writing by the director, from an insurer or insurance producer; or any statement by a terminating insurer or insurance producer to an insurer or insurance producer limited solely and exclusively to whether a termination for cause under § 58-30-180 was reported to the director, if the propriety of any termination for cause under § 58-30-180 is certified in writing by an officer or authorized representative of the insurer or insurance producer terminating the relationship.