Third-party consultant disclosure requirements.

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58-24-71. Third-party consultant disclosure requirements.

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.

Source: SL 2004, ch 307, §4.


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