South Dakota Statutes
§ 58-30-88 — Premiums received by agent as trust funds--Accounting and payment.
South Dakota § 58-30-88
This text of South Dakota § 58-30-88 (Premiums received by agent as trust funds--Accounting and payment.) 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 § 58-30-88 (2026).
Text
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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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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-30-88, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-30-88.