Failure to file a timely renewal application shall result in lapsing of the license. A business entity may reinstate its license in the same manner as an individual insurance producer as provided in § 58-30-154.
S.D. Codified Laws § 58-30-74.3
Lapsing and reinstatement of license
Source: SL 2018, ch 282, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.