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.
S.D. Codified Laws § 58-15-47
Prohibited policy provisions--Person soliciting insurance or annuity insurance producer of insured
Source: SL 1966, ch 111, ch 23, § 26 (1) (f); SL 2001, ch 286, § 110.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.