South Dakota § 58-29D-26 Conditions not requiring license.

South Dakota Statutes

§ 58-29D-26 — Conditions not requiring license.

South Dakota § 58-29D-26

Title 58INSURANCE

Ch. 58-29AREGULATION OF LIFE AND HEALTH ADMINISTRATORS

This text of South Dakota § 58-29D-26 (Conditions not requiring license.) 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 § 58-29D-26 (2026).

Text

An administrator is not required to hold a license as an administrator in this state if all of the following conditions are met:

(1)The administrator has its principal place of business in another state;

(2)The administrator is not soliciting business as an administrator in this state;

(3)In the case of any group policy or plan of insurance serviced by the administrator and less than one hundred certificate holders reside in this state.

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An administrator is not required to hold a license as an administrator in this state if all of the following conditions are met: (1) The administrator has its principal place of business in another state; (2) The administrator is not soliciting business as an administrator in this state; (3) In the case of any group policy or plan of insurance serviced by the administrator and less than one hundred certificate holders reside in this state.