58-25-13 Deviations, rebates, and discounts prohibited.
Deviations, rebates, and discounts prohibited.
Every insurer shall hold to the rates
or premiums as approved by the director and may not deviate therefrom nor allow to or for the
account of any insured a rebate or discount on the rates or premiums payable. As compensation for
procuring business, an insurer may pay or allow a commission to any licensed insurance producer
of the insurer.
Source: SL 1966, ch 111, ch 14, § 3 (7); SL 2001, ch 286, § 133.