Chapter 30 - INSURANCE PRODUCERS
- Section 58-30-NEW - [Newly enacted section not yet numbered] [Effective 7/1/2024] (ยง 58-30-NEW)
- Section 58-30-1 - [Repealed]
- Section 58-30-1.1 - "Excess business" defined
- Section 58-30-1.2 - "Rejected business" defined
- Section 58-30-2 - [Repealed]
- Section 58-30-2.1 - [Repealed]
- Section 58-30-3, 58-30-4 - [Repealed]
- Section 58-30-5, 58-30-5.1 - [Repealed]
- Section 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
- Section 58-30-7 - [Repealed]
- Section 58-30-8 - [Repealed]
- Section 58-30-8.1 - Notice required for termination of agency contract for fire and casualty lines-Extension of coverage on previous policies
- Section 58-30-8.2 - Notice requirements inapplicable to exclusive agencies or termination for cause
- Section 58-30-9 - Rights of insurance producer following termination of appointment
- Section 58-30-10 - Rights of insurance producer after termination of appointment inapplicable to employer and employee relationship
- Section 58-30-11 - [Repealed]
- Section 58-30-12 - [Repealed]
- Section 58-30-12.1 - Excess or rejected life or health insurance or annuity risks-Placement by insurance producer licensed for life or health insurance
- Section 58-30-13 to 58-30-19 - [Repealed]
- Section 58-30-20 - Licensing provisions inapplicable to title insurance
- Section 58-30-21 to 58-30-23.5 - [Repealed]
- Section 58-30-23.6 - Criminal files check
- Section 58-30-23.7 - Joint issuance of waivers
- Section 58-30-24 - [Repealed]
- Section 58-30-25 - [Repealed]
- Section 58-30-26 - [Repealed]
- Section 58-30-27 - Licenses to insurance producers of domestic insurer insuring members of armed forces and dependents outside territorial limits
- Section 58-30-28 - [Repealed]
- Section 58-30-29 - License not issued in trade name-Exception as to firm or corporation
- Section 58-30-30 - [Repealed]
- Section 58-30-31 - Firms and corporations-Business within scope of agreement or articles of incorporation
- Section 58-30-32 - [Repealed]
- Section 58-30-33 - Changes in personnel employed by firm-Notice to director
- Section 58-30-34, 58-30-35 - [Repealed]
- Section 58-30-36 to 58-30-44 - [Repealed]
- Section 58-30-45 - [Repealed]
- Section 58-30-46 - [Repealed]
- Section 58-30-47 - [Repealed]
- Section 58-30-48 - [Repealed]
- Section 58-30-49, 58-30-50 - [Repealed]
- Section 58-30-50.1 - [Repealed]
- Section 58-30-51 - [Repealed]
- Section 58-30-52 - Exemption from examination requirements
- Section 58-30-53 - [Repealed]
- Section 58-30-54 - Information to applicants as to subjects covered and reference sources
- Section 58-30-55 - [Repealed]
- Section 58-30-56 - [Repealed]
- Section 58-30-57 - [Repealed]
- Section 58-30-58 - Failure to pass examination-Waiting period for re-examination
- Section 58-30-59 - [Repealed]
- Section 58-30-60 - [Repealed]
- Section 58-30-61, 58-30-62 - [Repealed]
- Section 58-30-63 to 58-30-67 - [Repealed]
- Section 58-30-68 - Limited lines insurance producer's license-Types of insurance
- Section 58-30-69 - Examination not required for travel insurance
- Section 58-30-70 - [Repealed]
- Section 58-30-71 - [Repealed]
- Section 58-30-71.1 - [Repealed]
- Section 58-30-72 - [Repealed]
- Section 58-30-73 - Refusal of temporary license where purpose unlawful
- Section 58-30-74 - Renewal of license or appointment-Fee
- Section 58-30-74.1 - Continuing appointments-Annual renewal fee
- Section 58-30-74.2 - Renewal of license by business entity
- Section 58-30-74.3 - Lapsing and reinstatement of license
- Section 58-30-74.4 - Designation of individual licensed insurance producer in business entity renewal application
- Section 58-30-75 to 58-30-77 - [Repealed]
- Section 58-30-78 - Obsolete
- Section 58-30-79, 58-30-80 - [Repealed]
- Section 58-30-81 to 58-30-83 - [Repealed]
- Section 58-30-84 - Travel insurance vending machines, approval by director
- Section 58-30-85 to 58-30-87 - [Repealed]
- Section 58-30-88 - Premiums received by agent as trust funds-Accounting and payment
- Section 58-30-89 - Misappropriation of funds by agent as theft
- Section 58-30-90 - Deposit of trust funds in separate account-Records and account
- Section 58-30-91 - Records to be maintained by insurance producer-Violation as misdemeanor
- Section 58-30-92 - Companies prohibited from issuing policy in this state except through licensed agent-Violation as misdemeanor
- Section 58-30-93 - Suspension or revocation of certificate for unauthorized issuance of policies
- Section 58-30-94 - [Repealed]
- Section 58-30-95 - Director as attorney for service of process on nonresident insurance producer
- Section 58-30-96 - Duration of appointment of director as attorney for service of process
- Section 58-30-97 - Service on director of process against nonresident insurance producer-Fee
- Section 58-30-98 - Receipt by director of process against nonresident insurance producer-Copy mailed to defendant
- Section 58-30-99 - Director's record of process against nonresident insurance producers
- Section 58-30-100 - [Repealed]
- Section 58-30-101 - [Repealed]
- Section 58-30-102 - [Repealed]
- Section 58-30-103 - [Repealed]
- Section 58-30-104 - [Repealed]
- Section 58-30-105 to 58-30-107 - [Repealed]
- Section 58-30-108 - Suspension, revocation, or refusal to renew one license affects all other licenses of licensee
- Section 58-30-109 - [Repealed]
- Section 58-30-110 - Suspension, revocation, or refusal to renew license-Notice by director
- Section 58-30-111 - Waiting period for new license after revocation
- Section 58-30-112 - Licenses are property of South Dakota-Delivery to director on termination
- Section 58-30-113 - Affidavit as to lost, stolen, or destroyed license
- Section 58-30-114 - Continuing education requirements-Definitions
- Section 58-30-115 - Continuing education requirements-Exceptions
- Section 58-30-115.1 - Renewal of license by persons over age sixty-five
- Section 58-30-115.2 - Renewal of limited or restricted licenses
- Section 58-30-116 - Continuing education requirements-Minimum requirements-Furnishing evidence of completion
- Section 58-30-117 - Continuing education requirements-Rules
- Section 58-30-118 - Continuing education requirements-Approval of programs-Certification of hours
- Section 58-30-119 - Continuing education requirements-Extension of time
- Section 58-30-120 - Continuing education requirements-Prerequisite for license issuance or renewal-Exemptions
- Section 58-30-121 - Continuing education requirements-Additional fee for renewal of license
- Section 58-30-122 - Conduct of sponsors and instructors-Approval or disapproval by director-Rules
- Section 58-30-123 - Director's action upon violation or nonconformity by sponsor or instructor
- Section 58-30-124 - Definition of terms
- Section 58-30-125 - Persons not managing general agents
- Section 58-30-126 - License required-Bond or errors and omissions policy
- Section 58-30-127 - Written contract between managing general agent and insurer
- Section 58-30-128 - Settling claims-Content of contract
- Section 58-30-129 - Sharing interim profits
- Section 58-30-130 - Restrictions on managing general agents
- Section 58-30-131 - Duties of insurer working with managing general agent
- Section 58-30-132 - Acts of managing general agent-Examination by director-Costs
- Section 58-30-133 - Penalties for violation by managing general agent
- Section 58-30-134 - Rights of policyholders, claimants, and auditors
- Section 58-30-135 - Rules for implementation and administration of sections 58-30-124 to 58-30-139
- Section 58-30-136 - Utilization of managing general agent after July 1, 1992
- Section 58-30-137 - Filing and approval of contract
- Section 58-30-138 - Application of sections 58-30-124 to 58-30-139
- Section 58-30-139 - "Qualified United States financial institution" defined
- Section 58-30-140 - Agents not to obtain loans from clients-Exceptions
- Section 58-30-141 - Application of reciprocity provisions to surplus lines brokers
- Section 58-30-142 - Definitions
- Section 58-30-143 - Sale, solicitation or negotiation limited to licensed line of insurance only
- Section 58-30-144 - License not required under certain circumstances
- Section 58-30-144.1 - License required for acting as consultant
- Section 58-30-145 - Written examination required for resident applicants
- Section 58-30-146 - Arrangements for administration of examinations and collection of fee
- Section 58-30-147 - Payment of examination fees required
- Section 58-30-148 - Resident application for insurance producer license-Requirements for application
- Section 58-30-149 - Application by business entity for insurance producer license-Requirements
- Section 58-30-150 - Verification of application information
- Section 58-30-150.1 - Incomplete application-Deemed withdrawn-Not a refusal or reportable administrative action
- Section 58-30-151 - Program of instruction required for licensed insurance producers-Approval by director
- Section 58-30-152 - Issuance of insurance producer license-Permitted lines of authority
- Section 58-30-153 - Term of insurance producer license
- Section 58-30-154 - Reinstatement of lapsed insurance producer license
- Section 58-30-155 - Waiver of insurance producer license renewal requirements
- Section 58-30-156 - Information contained on insurance producer license
- Section 58-30-157 - Notification of change of address by insurance producer
- Section 58-30-158 - Authority of director to contract with nongovernmental entities for ministerial functions relating to insurance producer licensing
- Section 58-30-159 - Requirements for nonresident insurance producer license
- Section 58-30-160 - Nonresident insurance producer required to hold equivalent license in home state
- Section 58-30-161 - Verification of nonresident's licensing status
- Section 58-30-162 - Change of address required for interstate move
- Section 58-30-163 - Nonresident license applicant-Reciprocity-Exception
- Section 58-30-164 - Notification of use of assumed name by insurance producer
- Section 58-30-165 - Temporary insurance producer license
- Section 58-30-166 - Limits on temporary insurance producer license-Revocation of temporary license
- Section 58-30-167 - Causes for suspension, revocation, refusal to issue or renew license, or monetary penalty-Notice-Hearing-Final determination
- Section 58-30-167.1 - Termination of producer for receipt of hearing notice prohibited
- Section 58-30-168 - Written reasons for denial or nonrenewal required-Request for hearing-Notice of hearing
- Section 58-30-169 - Unreported knowledge by partners, officers, or managers of violation as grounds for penalty
- Section 58-30-170 - Authority of director to impose penalty or remedy
- Section 58-30-171 - Payment to unlicensed insurance producer prohibited
- Section 58-30-171.1 - Insurer may prohibit consultant fees
- Section 58-30-172 - Acceptance of payment by unlicensed insurance producer prohibited
- Section 58-30-173 - Renewal or deferred commissions approved if license held at time of transaction
- Section 58-30-174 - Payment, assignment, or sharing of commissions and fees-Limitations
- Section 58-30-175 - Requirements for acting as agent of insurer
- Section 58-30-176 - Appointment of insurance producer or business entity as agent of insurer-Submission of notice of appointment
- Section 58-30-177 - Verification of eligibility of insurance producer for appointment as agent of insurer
- Section 58-30-178 - Appointment fee required
- Section 58-30-179 - Renewal appointment fee
- Section 58-30-180 - Termination of relationship between insurer and insurance producer
- Section 58-30-181 - Prompt notification of additional information regarding termination of insurance producer
- Section 58-30-182 - Notification to insurance producer of termination by insurer
- Section 58-30-183 - Submission of written comments by insurance producer regarding termination
- Section 58-30-184 - Liability for information relating to termination
- Section 58-30-185 - Pleadings in action brought against provider of information regarding termination of insurance producer
- Section 58-30-186 - Application of common law to action regarding insurance producer's termination
- Section 58-30-187 - Confidentiality of information gathered in termination investigation
- Section 58-30-188 - Testimony in private civil action prohibited
- Section 58-30-189 - Director's duties in regard to confidential and privileged documents
- Section 58-30-190 - Waiver of privilege or claim of confidentiality
- Section 58-30-191 - Release of final orders allowed
- Section 58-30-192 - Penalties for failure to report
- Section 58-30-193 - Report by insurance producer of any administrative action taken against insurance producer
- Section 58-30-194 - Report by insurance producer of any felony criminal prosecution of insurance producer
- Section 58-30-195 - Promulgation of licensure rules
- Section 58-30-196 - Influencing witness testimony in examination or investigation
- Section 58-30-197 - Rental car insurance-Definition of terms
- Section 58-30-198 - Rental car insurance defined
- Section 58-30-199 - License needed for offering, selling, or soliciting purchase of rental car insurance
- Section 58-30-200 - Licensing of rental car agent for authorized rental car insurer
- Section 58-30-201 - Rental car company as limited lines insurance producer-License requirements
- Section 58-30-202 - Conditions for becoming endorsee authorized to offer, sell, or solicit rental car insurance
- Section 58-30-203 - Training of rental car insurance endorsee
- Section 58-30-204 - Expiration of rental car insurance endorsee license
- Section 58-30-205 - Retention of rental car insurance transaction records
- Section 58-30-206 - Rental car insurance agreement
- Section 58-30-207 - Rental car insurance advertising and compensation restrictions
- Section 58-30-208 - Revocation of rental car company license
- Section 58-30-209 - Definitions regarding travel insurance
- Section 58-30-209.1 - Application of travel insurance laws
- Section 58-30-209.2 - Licensed producers may sell travel insurance-Appointment not required
- Section 58-30-209.3 - Travel administrators
- Section 58-30-210 - Limited lines travel insurance producer license authorized
- Section 58-30-211 - Conditions for offering and disseminating travel insurance under business entity license
- Section 58-30-212 - Statements required in travel retailer's written materials
- Section 58-30-212.1 - Required provisions and disclosures for travel insurance
- Section 58-30-213 - Limitations on travel retailer's unlicensed employee or authorized representative
- Section 58-30-214 - Registered travel retailers authorized to offer and disseminate travel insurance and receive compensation
- Section 58-30-215 - Individual and group travel insurance policies authorized-Services excluded
- Section 58-30-215.1 - Travel protection plans
- Section 58-30-215.2 - Travel insurance rates and policy forms-Eligibility, underwriting, distribution, and marketing
- Section 58-30-216 - Limited lines travel insurance producer responsible for acts of travel retailer
- Section 58-30-217 - Compliance with chapters 58-30 and 58-33-Travel insurance sales practices
- Section 58-30-217.1 - Certain acts not unfair trade practices
- Section 58-30-218 - Promulgation of rules on training for travel retailer employees