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.
Acceptance of payment by unlicensed insurance producer prohibited
SDCL § 58-30-172 — under INSURANCE PRODUCERS.
SDCL § 58-30-172