Any agreement between a licensed manufacturer and an independent contractor shall provide for termination without continuing obligation of the licensed manufacturer in the event the independent contractor:

1. (1) Refuses to respond to information requests from the commission;
2. (2) Fails to file an application for a finding of suitability as required by the commission; or
3. (3) Is found unsuitable by the commission.

Source: 39 SDR 119, effective January 8, 2013.

General Authority: SDCL 42-7B-7 , 42-7B-11(11)(12).

Law Implemented: SDCL 42-7B-11(11)(12).