South Dakota Codified Laws
Chapter 32 - Surplus Line Insurance
Section 58-32-12 - Procedure for suspension or revocation of license.

South Dakota Codified Laws

Title 58 - Insurance

Chapter 32 - Surplus Line Insurance

Section 58-32-1 - Purposes of chapter.

Section 58-32-2 - Broker defined.

Section 58-32-3 - Export defined.

Section 58-32-3.1 - Home state defined.

Section 58-32-4 - Chapter not applicable to life and health insurance, annuities, and reinsurance--Exceptions.

Section 58-32-5 - Exemption of interstate commerce.

Section 58-32-6 - Unauthorized acts constituting misdemeanors--Additional forfeiture.

Section 58-32-7 - Qualifications for surplus line broker's license--Out-of-state sales.

Section 58-32-8 - Application for surplus line license--Fee.

Section 58-32-9 - Licensing provisions applicable.

Section 58-32-10.1 - Bond of resident surplus line broker--Amount--Conditions--Termination.

Section 58-32-11 - Suspension or revocation of license of surplus line broker--Grounds.

Section 58-32-12 - Procedure for suspension or revocation of license.

Section 58-32-13 - Suspension or revocation of surplus line license affects all other licenses.

Section 58-32-14 - Revival of suspended or revoked broker's surplus line license--Payment of fine and delinquent taxes--Waiting period.

Section 58-32-15 - Acceptance of business from licensed insurance producer.

Section 58-32-16 - Impossibility of procuring coverage from authorized insurers--Procurement from unauthorized insurers.

Section 58-32-16.1 - Certain unauthorized insurers to submit annual report.

Section 58-32-17 - Conditions for export--Amount not procurable from authorized insurers.

Section 58-32-18 - Export of insurance where coverage available from authorized insurer prohibited--Exception.

Section 58-32-19 - Procurement of exported insurance through licensed surplus line broker.

Section 58-32-20 - Affidavit of broker as to exported insurance.

Section 58-32-21 - Placement in authorized insurer--Violation as misdemeanor.

Section 58-32-22 - Requirements for placing surplus lines insurance.

Section 58-32-23 - Financial condition of surplus line insurer--Director not required to determine.

Section 58-32-24 - Ineligibility of surplus line insurer because of financial condition--Order of director--Grounds.

Section 58-32-25 - Financial condition of surplus line insurer--Ascertainment by broker--Violation as misdemeanor.

Section 58-32-26 - Violation as misdemeanor--Revocation of licenses after hearing--Waiting period for new license.

Section 58-32-27 - Evidence of insurance--Certificate, execution, content.

Section 58-32-28 - Authority of broker to make certificate as to insurance granted by unauthorized insurer.

Section 58-32-29 - Change in evidence of insurance--Substitute certificate by broker.

Section 58-32-30 - False certificate by broker--Failure to notify insured as to material change--Misdemeanor.

Section 58-32-31 - Replacement of broker's certificate when policy issued.

Section 58-32-32 - Endorsement of contract--Violation as misdemeanor.

Section 58-32-33 - Surplus line insurance valid.

Section 58-32-34 - Liability of insurer as to losses and unearned premiums.

Section 58-32-35 - Assumption of surplus line direct risk--Extent of liability.

Section 58-32-36 - Venue of action against unauthorized insurer.

Section 58-32-37 - Action against unauthorized insurer--Service of process on director--Jurisdiction of court.

Section 58-32-38 - Director appointed process agent--Policy provision--Mailing of process to defendant.

Section 58-32-39 - Record by broker of each surplus line coverage--Violation as misdemeanor.

Section 58-32-40 - Record open to examination by director--Violation as misdemeanor.

Section 58-32-41 - Annual statement of broker--Filing with director--Violation as misdemeanor.

Section 58-32-42 - Annual statement of broker--Form and contents.

Section 58-32-42.1 - Uniform report may be prescribed in lieu of annual statement or affidavit as to exported insurance.

Section 58-32-43 - Records of interstate commerce coverage--Report to director--Violation as misdemeanor.

Section 58-32-44 - Tax on premiums--Time for remittance--Credit to general fund.

Section 58-32-45 - Premium tax when only part of risk in state--Multi-state agreement--Apportionment.

Section 58-32-46 - Fine for failure to remit tax or to file annual statement or uniform report--Collection.

Section 58-32-47 - Report of independently procured coverages--Violation as misdemeanor.

Section 58-32-48 - Negotiations, application, or premium payment bringing independently procured coverages within jurisdiction.

Section 58-32-49 - Production of records of insured for examination--Refusal to obey order of director as misdemeanor.

Section 58-32-50 - Tax on independently procured coverages--Payment to director, time.

Section 58-32-51 - Interest on delinquent tax on independently procured coverages.

Section 58-32-52 - Insured's liability for tax on independently procured coverages.

Section 58-32-53 - Deposits of taxes and interest collected on independently procured coverage.

Section 58-32-54 - Provisions on independently procured coverages do not affect unauthorized insurers.

Section 58-32-55 - Provisions on independently procured coverages inapplicable to life or health insurance, or annuities.

Section 58-32-56 - Rules and regulations--Adoption by director.

Section 58-32-58 - Citation of chapter.