No insurer of any obligation under this title may by himself, herself, or through another, either directly or indirectly, charge, accept, or pay as a commission or compensation for placing or renewing any insurance under this title more than fifteen percent of the premium charged. Source: SL 1917, ch 376 , § 51; RC 1919, § 9487; SDC 1939, § 64.0305; SL 2008, ch 278 , § 37.
Commission for placing insurance limited
SDCL § 62-5-8 — under INSURANCE AND SECURITY FOR PAYMENTS.
SDCL § 62-5-8