Appointment of insurance producer by insurer--Filing with director--Statement of kinds of insurance to be transacted--Payment of fee--Reasons for denying appointment
Applied in 1 court decision — leading case Kent v. Lyon (1996)
Most recently applied in Kent v. Lyon (November 1996)
Source: SL 1966, ch 111, ch 9, § 20 (1); SL 1995, ch 289, § 1; SL 2001, ch 286, § 156.
The director may deny an appointment or withhold processing an appointment for reasons of protection of the public health, welfare, or safety including the following:
(1) The insurance producer to be appointed is not properly licensed; or
(2) A notice of hearing from the Division of Insurance seeking revocation or suspension of the insurance producer or insurer has been issued.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.