Current through the 2024 Legislative Session
Section 58-30-207 - Rental car insurance advertising and compensation restrictionsNo 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(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. SL 2001, ch 272, §11; SDCL § 58-9-44; SL 2010, ch 233, §2.