No insurer shall from offices or by personnel or facilities located in this state solicit insurance applications or otherwise transact insurance in another state or country unless it holds a subsisting certificate of authority issued to it by the director authorizing it to transact the same kinds of insurance in this state. Violation of this section is a Class 2 misdemeanor.
S.D. Codified Laws § 58-6-2
Solicitation of insurance or transacting business in another state by insurer in this state without certificate of authority prohibited--Misdemeanor
Source: SL 1966, ch 111, ch 3, § 1 (2); SL 1978, ch 359, § 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.