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.
S.D. Codified Laws § 58-30-172
Acceptance of payment by unlicensed insurance producer prohibited
Source: SL 2001, ch 286, § 32.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.