<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-30-12.1 - Excess or rejected life or health insurance or annuity risks--Placement by insurance producer licensed for life or health insurance. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2076377Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2076377SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2076377CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2076377Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2076377DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2076377000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2076377SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2076377SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2076377Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-30-12.1"><span class="s2076377SENU">58-30-12.1</span></a><span xml:space="preserve" class="s2076377SENU">. </span><span class="s2076377CL">Excess or rejected life or health insurance or annuity risks--Placement by insurance producer licensed for life or health insurance.</span></p><p dir="ltr" class="s2076377Normal-000000"><span class="s2076377DefaultParagraphFont">An insurance producer licensed for life or health insurance, or both, may place excess or rejected life or health insurance or annuity risks with any authorized insurer other than an insurer the insurance producer is licensed to represent; but the insurance producer may not receive commissions or other compensation from such other insurer for the business so placed until after the insurance producer has been appointed an insurance producer of the insurer in accordance with this title.</span></p><p dir="ltr" class="s2076377Normal"><span xml:space="preserve" class="s2076377000001"> </span></p><p dir="ltr" class="s2076377Normal"><span class="s2076377SCL">Source:</span><span xml:space="preserve" class="s2076377SCL-000002"> SL 1982, ch 365, § 5; SL 2001, ch 286, § 162.</span></p></div></body></html>