There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 30 — Insurance Producers
- 58-30-1 — Repealed.
- 58-30-1.1 — "Excess business" defined.
- 58-30-1.2 — "Rejected business" defined.
- 58-30-2 — Repealed.
- 58-30-2.1 — Repealed.
- 58-30-3 — Repealed.
- 58-30-5 — Repealed.
- 58-30-6 — Appointment of insurance producer by insurer--Filing with director--Statement of kinds of insurance to be transacted--Payment of fee--Reasons for denying appointment.
- 58-30-7 — Repealed.
- 58-30-8 — Termination of insurance producer appointment--Notice and statement todirector and insurance producer--Privileged information--Failure tosupply or falsification of information as misdemeanor.
- 58-30-8.1 — Notice required for termination of agency contract for fire and casualtylines--Extension of coverage on previous policies.
- 58-30-8.2 — Notice requirements inapplicable to exclusive agencies or termination forcause.
- 58-30-9 — Rights of insurance producer following termination of appointment.
- 58-30-10 — Rights of insurance producer after termination of appointmentinapplicable to employer and employee relationship.
- 58-30-11 — Repealed.
- 58-30-12 — Repealed.
- 58-30-12.1 — Excess or rejected life or health insurance or annuity risks--Placement byinsurance producer licensed for life or health insurance.
- 58-30-13 — Repealed.
- 58-30-20 — Licensing provisions inapplicable to title insurance.
- 58-30-21 — Repealed.
- 58-30-23.6 — Criminal files check.
- 58-30-23.7 — Joint issuance of waivers.
- 58-30-24 — Repealed.
- 58-30-25 — Repealed.
- 58-30-26 — Repealed.
- 58-30-27 — Licenses to insurance producers of domestic insurer insuring members ofarmed forces and dependents outside territorial limits.
- 58-30-28 — Repealed.
- 58-30-29 — License not issued in trade name--Exception as to firm or corporation.
- 58-30-30 — Repealed.
- 58-30-31 — Firms and corporations--Business within scope of agreement or articlesof incorporation.
- 58-30-32 — Repealed.
- 58-30-33 — Changes in personnel employed by firm--Notice to director.
- 58-30-34 — Repealed.
- 58-30-36 — Repealed.
- 58-30-45 — Repealed.
- 58-30-46 — Repealed.
- 58-30-47 — Repealed.
- 58-30-48 — Repealed.
- 58-30-49 — Repealed.
- 58-30-50.1 — Repealed.
- 58-30-51 — Repealed.
- 58-30-52 — Exemption from examination requirements.
- 58-30-53 — Repealed.
- 58-30-54 — Information to applicants as to subjects covered and reference sources.
- 58-30-55 — Repealed.
- 58-30-56 — Repealed.
- 58-30-57 — Repealed.
- 58-30-58 — Failure to pass examination--Waiting period for re-examination.
- 58-30-59 — Repealed.
- 58-30-60 — Repealed.
- 58-30-61 — Repealed.
- 58-30-63 — Repealed.
- 58-30-68 — Limited lines insurance producer's license--Issuance to qualifiedapplicants.
- 58-30-69 — Examination not required for limited license as to accident or baggageinsurance--Fee.
- 58-30-70 — Repealed.
- 58-30-71 — Repealed.
- 58-30-71.1 — Repealed.
- 58-30-72 — Repealed.
- 58-30-73 — Refusal of temporary license where purpose unlawful.
- 58-30-74 — Renewal of license and appointments--Fee.
- 58-30-74.1 — Continuing appointments--Annual renewal fee.
- 58-30-75 — Repealed.
- 58-30-78 — Obsolete.
- 58-30-79 — Repealed.
- 58-30-81 — Repealed.
- 58-30-84 — Travel insurance vending machines, approval by director.
- 58-30-85 — Repealed.
- 58-30-88 — Premiums received by agent as trust funds--Accounting and payment.
- 58-30-89 — Misappropriation of funds by agent as theft.
- 58-30-90 — Deposit of trust funds in separate account--Records and account.
- 58-30-91 — Records to be maintained by insurance producer--Violation asmisdemeanor.
- 58-30-92 — Companies prohibited from issuing policy in this state except throughlicensed agent--Violation as misdemeanor.
- 58-30-93 — Suspension or revocation of certificate for unauthorized issuance ofpolicies.
- 58-30-94 — Repealed.
- 58-30-95 — Director as attorney for service of process on nonresident insuranceproducer.
- 58-30-96 — Duration of appointment of director as attorney for service of process.
- 58-30-97 — Service on director of process against nonresident insurance producer--Fee.
- 58-30-98 — Receipt by director of process against nonresident insurance producer--Copy mailed to defendant.
- 58-30-99 — Director's record of process against nonresident insurance producers.
- 58-30-100 — Qualifications and requirements for nonresident insurance producer'slicense.
- 58-30-101 — Repealed.
- 58-30-102 — Repealed.
- 58-30-103 — Repealed.
- 58-30-104 — Risk placed by nonresident insurance producer licensee subject tocountersignature provision.
- 58-30-105 — Repealed.
- 58-30-108 — Suspension, revocation, or refusal to renew one license affects all otherlicenses of licensee.
- 58-30-109 — Repealed.
- 58-30-110 — Suspension, revocation, or refusal to renew license--Notice by director.
- 58-30-111 — Waiting period for new license after revocation.
- 58-30-112 — Licenses are property of South Dakota--Delivery to director ontermination.
- 58-30-113 — Affidavit as to lost, stolen, or destroyed license.
- 58-30-114 — Continuing education requirements--Definitions.
- 58-30-115 — Continuing education requirements--Exemptions.
- 58-30-115.1 — Licensees over age sixty-five.
- 58-30-116 — Continuing education requirements--Minimum requirements--Furnishingevidence of completion.
- 58-30-117 — Continuing education requirements--Rules.
- 58-30-118 — Continuing education requirements--Approval of programs--Certificationof hours.
- 58-30-119 — Continuing education requirements--Extension of time.
- 58-30-120 — Continuing education requirements--Prerequisite for license issuance orrenewal--Exemptions.
- 58-30-121 — Continuing education requirements--Additional fee for renewal oflicense.
- 58-30-122 — Conduct of sponsors and instructors--Approval or disapproval bydirector--Rules.
- 58-30-123 — Director's action upon violation or nonconformity by sponsor orinstructor.
- 58-30-124 — Definition of terms.
- 58-30-125 — Persons not managing general agents.
- 58-30-126 — License required--Bond or errors and omissions policy.
- 58-30-127 — Written contract between managing general agent and insurer.
- 58-30-128 — Settling claims--Content of contract.
- 58-30-129 — Sharing interim profits.
- 58-30-130 — Restrictions on managing general agents.
- 58-30-131 — Duties of insurer working with managing general agent.
- 58-30-132 — Acts of managing general agent--Examination by director--Costs.
- 58-30-133 — Penalties for violation by managing general agent.
- 58-30-134 — Rights of policyholders, claimants, and auditors.
- 58-30-135 — Rules for implementation and administration of §§ 58-30-124 to 58-30-139.
- 58-30-136 — Utilization of managing general agent after July 1, 1992.
- 58-30-137 — Filing and approval of contract.
- 58-30-138 — Application of §§ 58-30-124 to 58-30-139.
- 58-30-139 — "Qualified United States financial institution" defined.
- 58-30-140 — Agents not to obtain loans from clients--Exceptions.
- 58-30-141 — Application of reciprocity provisions to surplus lines brokers.
- 58-30-142 — Definitions.
- 58-30-143 — Sale, solicitation or negotiation limited to licensed line of insurance only.
- 58-30-144 — Circumstances not requiring an insurance producer license.
- 58-30-145 — Written examination required for resident applicants.
- 58-30-146 — Arrangements for administration of examinations and collection of fee.
- 58-30-147 — Payment of examination fees required.
- 58-30-148 — Resident application for insurance producer license--Requirements forapplication.
- 58-30-149 — Application by business entity for insurance producer license--Requirements.
- 58-30-150 — Verification of application information.
- 58-30-151 — Program of instruction required for licensed insurance producers--Approval by director.
- 58-30-152 — Issuance of insurance producer license--Permitted lines of authority.
- 58-30-153 — Term of insurance producer license.
- 58-30-154 — Reinstatement of lapsed insurance producer license.
- 58-30-155 — Waiver of insurance producer license renewal requirements.
- 58-30-156 — Information contained on insurance producer license.
- 58-30-157 — Notification of change of address by insurance producer.
- 58-30-158 — Authority of director to contract with nongovernmental entities forministerial functions relating to insurance producer licensing.
- 58-30-159 — Requirements for nonresident insurance producer license.
- 58-30-160 — Nonresident insurance producer required to hold equivalent license inhome state.
- 58-30-161 — Verification of nonresident's licensing status.
- 58-30-162 — Change of address required for interstate move.
- 58-30-163 — Nonresident limited lines insurance producer.
- 58-30-164 — Notification of use of assumed name by insurance producer.
- 58-30-165 — Temporary insurance producer license.
- 58-30-166 — Limits on temporary insurance producer license--Revocation oftemporary license.
- 58-30-167 — Causes for suspension, revocation, refusal to issue or renew license, ormonetary penalty--Notice--Hearing--Final determination.
- 58-30-167.1 — Termination of producer for receipt of hearing notice prohibited.
- 58-30-168 — Written reasons for denial or nonrenewal required--Request for hearing--Notice of hearing.
- 58-30-169 — Unreported knowledge by partners, officers, or managers of violation asgrounds for penalty.
- 58-30-170 — Authority of director to impose penalty or remedy.
- 58-30-171 — Payment to unlicensed insurance producer prohibited.
- 58-30-172 — Acceptance of payment by unlicensed insurance producer prohibited.
- 58-30-173 — Renewal or deferred commissions approved if license held at time oftransaction.
- 58-30-174 — Payment or assignment of fixed dollar amount for referral--Limitations.
- 58-30-175 — Requirements to act as agent of an insurer.
- 58-30-176 — Appointment of insurance producer or business entity as agent of insurer--Submission of notice of appointment.
- 58-30-177 — Verification of eligibility of insurance producer for appointment as agentof insurer.
- 58-30-178 — Appointment fee required.
- 58-30-179 — Renewal appointment fee.
- 58-30-180 — Termination of relationship between insurer and insurance producer.
- 58-30-181 — Prompt notification of additional information regarding termination ofinsurance producer.
- 58-30-182 — Notification to insurance producer of termination by insurer.
- 58-30-183 — Submission of written comments by insurance producer regardingtermination.
- 58-30-184 — Liability for information relating to termination.
- 58-30-185 — Pleadings in action brought against provider of information regardingtermination of insurance producer.
- 58-30-186 — Application of common law to action regarding insurance producer'stermination.
- 58-30-187 — Confidentiality of information gathered in termination investigation.
- 58-30-188 — Testimony in private civil action prohibited.
- 58-30-189 — Director's duties in regard to confidential and privileged documents.
- 58-30-190 — Waiver of privilege or claim of confidentiality.
- 58-30-191 — Release of final orders allowed.
- 58-30-192 — Penalties for failure to report.
- 58-30-193 — Report by insurance producer of any administrative action taken againstinsurance producer.
- 58-30-194 — Report by insurance producer of any felony criminal prosecution ofinsurance producer.
- 58-30-195 — Promulgation of licensure rules.
- 58-30-196 — Influencing witness testimony in examination or investigation.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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