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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 14 - Reinsurance
§ 58-14-44 Restrictions on who may act as agent.
Universal Citation: SD Codified L § 58-14-44 (2019)
58-14-44. Restrictions on who may act as agent. No person, firm, association, or corporation may act as an agent:
(1) For a reinsurer domiciled in this state, unless the agent is a licensed producer in this state;
(2) In this state, if the agent maintains an office either directly or as a member or employee of a firm or association, or an officer, director, or employee of a corporation in this state, unless the agent is a licensed producer in this state;
(3) In another state for a nondomestic insurer, unless the agent is a licensed producer in this state or another state having a law substantially similar to this law or the person is licensed in this state as a nonresident reinsurance intermediary.
Source: SL 1994, ch 379, ยง 4.
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