South Dakota Codified Laws 58-32-28. Authority of broker to make certificate as to insurance granted by unauthorizedinsurer
Current as of: 2023 | Check for updates
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No broker shall issue any such certificate or purport or represent that insurance will be or has been granted by any unauthorized insurer, unless he has prior written authority from the insurer, or has received information from the insurer in the regular course of business that such insurance has been granted.
Terms Used In South Dakota Codified Laws 58-32-28
- 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
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
Source: SL 1966, ch 111, ch 11, § 8 (2).