South Dakota Statutes
§ 58-18B-40 — Agent compensation based on characteristics of small employer prohibited--Commission on sale of health insurance plan through exchange.
South Dakota·Title 58 INSURANCE·Ch. 58-18B REGULATION OF SMALL BUSINESSES' GROUP AND BLANKET HEALTH INSURANCE
No small employer carrier may, directly or indirectly, enter into any contract, agreement, or arrangement with an insurance producer that provides for or results in the compensation paid to an agent for the sale of a health benefit plan to be varied because of the health status, claims experience, industry, occupation, or geographic location of the small employer. Any qualified health plan sold in South Dakota through a health care exchange, as mandated by the Patient Protection and Affordable Care Act of 2010, shall provide for placement through a licensed insurance producer upon enrollment. Any commission paid by a health insurance carrier for the sale of a health insurance plan through a health exchange shall be the same as commission paid by the same health insurance carrier outside th
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South Dakota § 58-18B-40 (Agent compensation based on characteristics of small employer prohibited--Commission on sale of health insurance plan through exchange.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1995, ch 281, § 35; SL 2001, ch 286, § 125; SL 2013, ch 249, § 2.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.