South Dakota § 58-14-43 Restrictions on brokers connected to a firm or association.

South Dakota Statutes

§ 58-14-43 — Restrictions on brokers connected to a firm or association.

South Dakota § 58-14-43

Title 58INSURANCE

Ch. 58-13REINSURANCE

This text of South Dakota § 58-14-43 (Restrictions on brokers connected to a firm or association.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-14-43 (2026).

Text

No person may act as a broker in this state if the broker maintains an office either directly or as a member or employee of a firm or association, or an officer, director, or employee of a corporation:

(1)In this state, unless the broker is a licensed producer in this state; or (2) In another state, unless the broker is a licensed producer in this state or another state having a law substantially similar to this law or the broker is licensed in this state as a nonresident reinsurance intermediary.

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No person may act as a broker in this state if the broker maintains an office either directly or as a member or employee of a firm or association, or an officer, director, or employee of a corporation: (1) In this state, unless the broker is a licensed producer in this state; or (2) In another state, unless the broker is a licensed producer in this state or another state having a law substantially similar to this law or the broker is licensed in this state as a nonresident reinsurance intermediary.