South Dakota § 58-44-8 Notice from controlling broker to prospective insured--Subbroker.

South Dakota Statutes

§ 58-44-8 — Notice from controlling broker to prospective insured--Subbroker.

South Dakota § 58-44-8

Title 58INSURANCE

Ch. 58-44BROKER CONTROLLED PROPERTY AND CASUALTY INSURANCE

This text of South Dakota § 58-44-8 (Notice from controlling broker to prospective insured--Subbroker.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-44-8 (2026).

Text

The controlling broker, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the controlling broker and the controlled insurer. If the business is placed through a broker who is not a controlling broker, the controlling broker shall retain in his records a signed commitment from the subbroker that the subbroker is aware of the relationship between the insurer and the broker and that the subbroker has or will notify the insured.

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The controlling broker, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the controlling broker and the controlled insurer. If the business is placed through a broker who is not a controlling broker, the controlling broker shall retain in his records a signed commitment from the subbroker that the subbroker is aware of the relationship between the insurer and the broker and that the subbroker has or will notify the insured.