South Dakota § 58-14-44 Restrictions on who may act as agent.

South Dakota Statutes

§ 58-14-44 — Restrictions on who may act as agent.

South Dakota § 58-14-44

Title 58INSURANCE

Ch. 58-13REINSURANCE

This text of South Dakota § 58-14-44 (Restrictions on who may act as agent.) 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 § 58-14-44 (2026).

Text

No person, firm, association, or corporation may act as an agent:

(1)For a reinsurer domiciled in this state, unless the agent is a licensed producer in this state;

(2)In this state, if the agent 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 in this state, unless the agent is a licensed producer in this state;

(3)In another state for a nondomestic insurer, unless the agent is a licensed producer in this state or another state having a law substantially similar to this law or the person is licensed in this state as a nonresident reinsurance intermediary.

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No person, firm, association, or corporation may act as an agent: (1) For a reinsurer domiciled in this state, unless the agent is a licensed producer in this state; (2) In this state, if the agent 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 in this state, unless the agent is a licensed producer in this state; (3) In another state for a nondomestic insurer, unless the agent is a licensed producer in this state or another state having a law substantially similar to this law or the person is licensed in this state as a nonresident reinsurance intermediary.