Rental car insurance advertising and compensation restrictions

SDCL § 58-30-207 — under INSURANCE PRODUCERS.

SDCL § 58-30-207

No rental car agent may: (1) Advertise, represent, or otherwise portray itself or any of its employees or agents as licensed insurers or insurance producers; or (2) Pay any person, including a rental car agent endorsee, any compensation, fee, or commission that is dependent solely on the placement of insurance under the license issued pursuant to §§ 58-30-197 to 58-30-208 , inclusive. Nothing in §§ 58-30-197 to 58-30-208 , inclusive, prohibits production payments or incentive payments that are not dependent solely upon the sale of rental car insurance. Source: SL 2001, ch 272 , § 11; SDCL § 58-9-44; SL 2010, ch 233 , § 2.