S.D. Codified Laws § 58-32-6

Current through the 2024 Legislative Session

Section 58-32-6 - Unauthorized acts constituting misdemeanors-Additional forfeiture

Unless performed by a licensed surplus line broker, the following acts are Class 2 misdemeanors if done in this state:

(1) Acting as insurance producer for a nonadmitted insurer in the transaction of insurance business in this state;

(2) In any manner advertising a nonadmitted insurer in this state;

(3) In any other manner aiding a nonadmitted insurer to transact insurance business in this state.

In addition to any penalty provided for commission of misdemeanors, a person violating any provision of this section shall forfeit to this state the sum of five hundred dollars, together with one hundred dollars for each month or fraction thereof during which the person continues such violation.

SDCL 58-32-6

SL 1966, ch 111, ch 11, § 24; SL 1978, ch 359, § 2; SL 2001, ch 286, §195.