Renewal or deferred commissions approved if license held at time of transaction

Renewal or other deferred commissions may be paid to a person for selling, soliciting, or negotiating insurance in this state if the person was required to be licensed under §§ 58-30-141 to 58-30-195 , inclusive, at the time of the sale, solicitation, or negotiation and was so licensed at that time. Source: SL 2001, ch 286 , § 33.