The director may require an agent or broker under §§ 58-14-24 to 58-14-42, inclusive, to file a bond in an amount acceptable to the director for the protection of the reinsurer or maintain an errors and omissions policy in an amount acceptable to the director, or both.
S.D. Codified Laws § 58-14-27
Agent or broker bond--Errors and omissions policy
Source: SL 1992, ch 345, § 4.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.