South Dakota Statutes
§ 58-30-88 — Premiums received by agent as trust funds--Accounting and payment.
All premiums or return premiums received by an insurance producer shall be trust funds received by the licensee in a fiduciary capacity, and the insurance producer or soliciting insurance producer shall account for and pay the same to the insured, insurer, or insurance producer entitled thereto.
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South Dakota § 58-30-88 (Premiums received by agent as trust funds--Accounting and payment.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Kent v. Lyon
1996 SD 131 (South Dakota Supreme Court, 1996)
Legislative History
SL 1966, ch 111, ch 9, § 28 (1); SL 2001, ch 286, § 173.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.