South Dakota Codified Laws 58-32-15. Acceptance of business from licensed insurance producer
Current as of: 2023 | Check for updates
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A licensed surplus line broker may accept and place surplus line business for any insurance producer licensed in this state for the kind of insurance involved, and may compensate the insurance producer for it.
Terms Used In South Dakota Codified Laws 58-32-15
- Broker: as used in this chapter means a surplus line broker duly licensed as such under this chapter. See South Dakota Codified Laws 58-32-2
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
Source: SL 1966, ch 111, ch 11, § 15; SL 1982, ch 366; SL 2001, ch 286, § 198.