South Dakota Statutes

§ 58-30-175 — Requirements for acting as agent of insurer.

South Dakota § 58-30-175
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-29FINSURANCE PRODUCERS

This text of South Dakota § 58-30-175 (Requirements for acting as agent of insurer.) 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 § 58-30-175 (2026).

Text

No insurance producer or business entity may act as an agent of an insurer unless the insurance producer becomes an appointed insurance producer of that insurer. An insurance producer who is not acting as an agent of an insurer is not required to become appointed. This section does not apply to property and casualty insurance producers who sell, solicit, or negotiate and place insurance with admitted insurers although the insurance producer is not appointed with the insurer if all insurance business placed by the unappointed insurance producer is through a licensed insurance producer who is appointed by the insurer involved in the transaction and if the coverage is not reasonably available through the insurance producer's existing appointed insurers for placements made as authorized by thi

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Legislative History

SL 2001, ch 286, § 35; SL 2010, ch 241, § 2.

Nearby Sections

15
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Bluebook (online)
South Dakota § 58-30-175, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-30-175.