Section 58-27-87 - Banking patronage as prerequisite to issuance of insurance policy prohibited.

58-27-87. Banking patronage as prerequisite to issuance of insurance policy prohibited. No insurance company as a prerequisite to the sale of an insurance policy may require the insured or those purchasing insurance on his behalf to do banking business with any insurance company or a subsidiary bank.

Source: SL 1983, ch 376, § 12.