Nothing in §§ 58-33-24 to 58-33-26, inclusive, prohibits the payment of commissions or other compensation to duly licensed insurance producers, or prohibits any insurer from allowing or returning to its participating policyholders, members or subscribers, lawful dividends, savings, or unabsorbed premium deposits.
S.D. Codified Laws § 58-33-27
Compensation to insurance producers permitted--Allowance or return of dividends, savings, or unabsorbed premium deposits permitted
Known as the Unauthorized Insurers False Advertising Process Act
The act spans §§ 58–58 (145 sections).
Source: SL 1966, ch 111, ch 13, § 16 (4); SL 2001, ch 286, § 203.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.