58-30-12.1. Excess or rejected life or health insurance or annuity risks--Placement by insurance producer licensed for life or health insurance. 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.
Source: SL 1982, ch 365, § 5; SL 2001, ch 286, § 162.
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