S.D. Codified Laws § 58-30-88

Current through the 2024 Legislative Session

Section 58-30-88 - Premiums received by agent as trust funds-Accounting and payment

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

SL 1966, ch 111, ch 9, § 28 (1); SL 2001, ch 286, §173.