Section 58-15-47 - Prohibited policy provisions--Person soliciting insurance or annuityinsurance producer of insured. - South Dakota Statutes

58-15-47. Prohibited policy provisions--Person soliciting insurance or annuity insurance producer of insured. No policy of life insurance may be delivered or issued for delivery in this state if it contains any provision to the effect that the insurance producer soliciting the insurance or annuity is the insurance producer of the person covered under such contract, or making the acts or representations of such insurance producer binding upon the person so covered.

Source: SL 1966, ch 111, ch 23, § 26 (1) (f); SL 2001, ch 286, § 110.