No person, firm, association, or corporation may act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state for a purchasing group from an authorized insurer or a risk retention group chartered in a state unless the person, firm, association, or corporation is licensed as an insurance producer in accordance with Title 58.
S.D. Codified Laws § 58-6A-19.5
Insurance producer or broker license required to solicit liability insurance for purchasing group from insurer or risk retention group
Source: SL 1988, ch 392, § 13; SL 2001, ch 286, § 94.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.