South Dakota Statutes
§ 58-32-11 — Suspension or revocation of license of surplus line broker--Grounds.
The director may suspend or revoke any surplus line broker's license:
(1)If the broker fails to file his annual statement or to remit the tax as required by this chapter; or (2) If the broker fails to keep records, or to allow the director to examine his records as required by this chapter; or (3) If the broker knowingly or negligently places a surplus line coverage in an insurer that is in unsound financial condition in violation of § 58-32-25 ; or (4) For any other cause for which a general lines agent's license may be suspended or revoked.
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South Dakota § 58-32-11 (Suspension or revocation of license of surplus line broker--Grounds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 11, § 13 (1); SL 2001, ch 286, § 197.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.