Compensation of insurance producer based on percentage of premium

The provisions of § 58-18B-40 do not apply with respect to a compensation arrangement that provides compensation to an insurance producer on the basis of percentage of premium, if the percentage does not vary because of the health status, claims experience, industry, occupation, or geographic area of the small employer. Source: SL 1995, ch 281 , § 36; SL 2001, ch 286 , § 126. 58-18B-42. Repealed by SL 2004, ch 305 , § 3