SDCL § 58-24-71: Third-party consultant disclosure requirements.
Where this section sits in the code
- TITLE 58. INSURANCE
- CHAPTER 58-24. FIRE, MARINE, CASUALTY, AND SURETY INSURANCE RATES AND RATING ORGANIZATIONS
If a third-party consultant is retained by the exempt commercial policyholder to act as the policyholder's risk manager when a quote for insurance is delivered to the policyholder, the consultant shall disclose, in writing, the existence of any commission, fee, or contingency arrangement the third-party consultant has with the insurer.
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