No person, firm, association, or corporation may act or aid in any manner in soliciting, negotiating, or procuring liability insurance from an insurer not authorized to do business in this state on behalf of a purchasing group located in this state unless the person, firm, association, or corporation is licensed as a surplus lines producer or excess line producer in accordance with Title 58.
S.D. Codified Laws § 58-6A-19.7
Surplus lines producer or excess line producer license required to solicit liability insurance from unauthorized insurer for purchasing group
Source: SL 1988, ch 392, § 15; SL 2001, ch 286, § 96.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.