South Dakota Codified Laws 58-30-8.2. Notice requirements inapplicable to exclusive agencies or termination for cause
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The provisions of § 58-30-8.1 do not apply to those agency contracts in which the insurance producer agrees to represent exclusively one company or a group of companies under common management or to the termination of an insurance producer’s contract for insolvency, abandonment, gross and willful misconduct, or failure to pay over to the company moneys due to the company after the insurance producer’s receipt of a written demand therefor, or after revocation of the insurance producer’s license by the director.
Terms Used In South Dakota Codified Laws 58-30-8.2
- Contract: A legal written agreement that becomes binding when signed.
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
Source: SL 1971, ch 271; SL 2001, ch 286, § 159.