South Dakota § 58-32-11 Suspension or revocation of license of surplus line broker--Grounds.

South Dakota Statutes

§ 58-32-11 — Suspension or revocation of license of surplus line broker--Grounds.

South Dakota § 58-32-11

Title 58INSURANCE

Ch. 58-32SURPLUS LINE INSURANCE

This text of South Dakota § 58-32-11 (Suspension or revocation of license of surplus line broker--Grounds.) 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 § 58-32-11 (2026).

Text

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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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.