58-22-9. Termination of appointment of surety bondsman by insurer--Notice to director--Information privileged. An insurer terminating the appointment of a surety bondsman shall file written notice thereof with the director, together with a statement that it has given or mailed notice to the surety bondsman. Such notice filed with the director shall state the reasons, if any, for such termination. Information so furnished the director shall be privileged and shall not be used as evidence in or basis for any action against the insurer or any of its representatives.
Source: SL 1966, ch 111, ch 31, § 19.
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