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.
S.D. Codified Laws § 58-5-122
Compensation for promoting bulk reinsurance prohibited
Source: SL 1966, ch 111, ch 16, § 40 (3); SL 2001, ch 286, § 71.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.