Acceptance of payment by unlicensed insurance producer prohibited.

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58-30-172. Acceptance of payment by unlicensed insurance producer prohibited.

No person may accept a commission, service fee, brokerage, or other valuable consideration for selling, soliciting, or negotiating insurance in this state if that person is required to be licensed or appointed under §§58-30-141 to 58-30-195, inclusive, and is not so licensed or appointed.

Source: SL 2001, ch 286, §32.


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