South Dakota § 58-30-125 Persons not managing general agents.

South Dakota Statutes

§ 58-30-125 — Persons not managing general agents.

South Dakota § 58-30-125

Title 58INSURANCE

Ch. 58-29FINSURANCE PRODUCERS

This text of South Dakota § 58-30-125 (Persons not managing general agents.) 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 § 58-30-125 (2026).

Text

The following persons are not managing general agents for the purposes of §§ 58-30-124 to 58-30-139 , inclusive:

(1)Any employee of the insurer;

(2)Any United States manager of the United States branch of an alien insurer;

(3)Any underwriting manager who, pursuant to contract, manages all the insurance operations of the insurer, is under common control with the insurer, subject to the holding company regulatory act, and whose compensation is not based on the volume of premiums written; or (4) Any attorney - in - fact authorized by and acting for the subscribers of a reciprocal insurer or interinsurance exchange under powers of attorney.

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The following persons are not managing general agents for the purposes of §§ 58-30-124 to 58-30-139 , inclusive: (1) Any employee of the insurer; (2) Any United States manager of the United States branch of an alien insurer; (3) Any underwriting manager who, pursuant to contract, manages all the insurance operations of the insurer, is under common control with the insurer, subject to the holding company regulatory act, and whose compensation is not based on the volume of premiums written; or (4) Any attorney - in - fact authorized by and acting for the subscribers of a reciprocal insurer or interinsurance exchange under powers of attorney.