No insurance producer may offer or sell any security in this state unless the security is registered or exempt from registration pursuant to chapter 47-31B.
S.D. Codified Laws § 58-33-91
Sale of unregistered securities by insurance producer prohibited
Known as the Unauthorized Insurers False Advertising Process Act
The act spans §§ 58–58 (145 sections).
Source: SL 2001, ch 287, § 2; SL 2004, ch 278, § 68.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.