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SOUTH DAKOTA STATUTES AND CODES
Section 58-5-122 - Compensation for promoting bulk reinsurance prohibited.
58-5-122. Compensation for promoting bulk reinsurance prohibited. No director, officer, insurance producer, or employee of any insurer party to such reinsurance, nor any other person, may receive any fee, commission, or other valuable consideration whatsoever for in any manner aiding, promoting, or assisting therein except as set forth in the reinsurance agreement.
Source: SL 1966, ch 111, ch 16, § 40 (3); SL 2001, ch 286, § 71.
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