S.D. Codified Laws § 58-30-88
Current with legislation signed by the governor on or before 3/6/2024
All premiums or return premiums received by an insurance producer shall be trust funds received by the licensee in a fiduciary capacity, and the insurance producer or soliciting insurance producer shall account for and pay the same to the insured, insurer, or insurance producer entitled thereto.
SDCL 58-30-88