2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 47 - Portable Electronics Insurance
§ 58-47-6 Insurance producer license not required for vendor employees or representatives under certain conditions.
58-47-6. Insurance producer license not required for vendor employees or representatives under certain conditions. An employee or an authorized representative of a vendor may sell or offer portable electronics insurance to a customer and is not subject to licensure as an insurance producer if:
(1) The vendor obtains a portable electronics license to authorize its employees or authorized representatives to sell or offer portable electronics insurance pursuant to this chapter;
(2) The insurer issuing the portable electronics insurance either directly supervises or appoints a supervising entity to supervise the administration of the sale of portable electronic insurance; and
(3) No employee or authorized representative of a vendor of portable electronics may advertise, represent, or otherwise hold himself or herself out as a licensed insurance producer unless so licensed.
Source: SL 2012, ch 251, ยง 6.
