62-5-8. Commission for placing insurance limited.
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.
Structure South Dakota Codified Laws
Title 62 - Workers' Compensation
Chapter 05 - Insurance And Security For Payments
Section 62-5-1 - Methods of securing payment of compensation.
Section 62-5-2 - Obtaining workers' compensation insurance.
Section 62-5-6 - Exemption of political subdivisions from security provisions.
Section 62-5-7 - Failure to secure payment as election not to operate under title.
Section 62-5-8 - Commission for placing insurance limited.
Section 62-5-9 - Issuance of policy to employer--Certification to department.
Section 62-5-10 - Surety for performance required for self-insurers--Irrevocable trust.
Section 62-5-11 - Requirements for acceptance of irrevocable letter of credit--Definitions.
Section 62-5-12 - Deposit of surety bonds, letters of credit, etc.
Section 62-5-13 - Deposit of certificate of deposit or government securities.
Section 62-5-14 - Deposit and withdrawal of cash.
Section 62-5-15 - Perfected security interest in deposit--Release of security interest.
Section 62-5-16 - Claims administration contracts.
Section 62-5-18 - Reduction of premium where employer selects a policy with a deductible.
Section 62-5-19 - Deductible does not affect reporting requirements.
Section 62-5-20 - Insurer to pay entire loss--Employer to reimburse deductible amount.
Section 62-5-21 - Provision of medical services and health care.