South Dakota Codified Laws 58-30-207. Rental car insurance advertising and compensation restrictions
Current as of: 2023 | Check for updates
|
Other versions
No rental car agent may:
(1) Advertise, represent, or otherwise portray itself or any of its employees or agents as licensed insurers or insurance producers; or
Terms Used In South Dakota Codified Laws 58-30-207
- Dependent: A person dependent for support upon another.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
(2) Pay any person, including a rental car agent endorsee, any compensation, fee, or commission that is dependent solely on the placement of insurance under the license issued pursuant to §§ 58-30-197 to 58-30-208, inclusive. Nothing in §§ 58-30-197 to 58-30-208, inclusive, prohibits production payments or incentive payments that are not dependent solely upon the sale of rental car insurance.
Source: SL 2001, ch 272, § 11; SDCL § 58-9-44; SL 2010, ch 233, § 2.