Section 58-30-132 - Acts of managing general agent--Examination by director--Costs

58-30-132. Acts of managing general agent--Examination by director--Costs.The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent is subject to examination by the director pursuant to chapter 58-3. Unless otherwise set forth in the contract between the insurer and the managing general agent, the insurer shall pay the costs and expenses of the examination pursuant to §58-3-15. Source: SL 1992, ch 353, §9.