58-47-16. Application for license.
An application for a license under this chapter shall be made to and filed with the director on forms prescribed and furnished by the director. The application shall provide:
(1)The name, residence address, and other information required by the director for an employee or officer of the vendor that is designated by the applicant as the person responsible for the vendor's compliance with the requirements of this chapter; and
(2)The location of the applicant's home office.
Any vendor engaging in portable electronics insurance transactions on or before July 1, 2012 must apply for licensure within ninety days of the application being made available by the director. Any applicant commencing operations after July 1, 2012 must obtain a portable electronics license prior to offering portable electronics insurance.
Source: SL 2012, ch 251, ยง17.
Structure South Dakota Codified Laws
Chapter 47 - Portable Electronics Insurance
Section 58-47-1 - Definitions.
Section 58-47-2 - Portable electronics insurance defined.
Section 58-47-5 - Periodic basis as group or master commercial inland marine policy.
Section 58-47-7 - Training program for vendor employees and representatives.
Section 58-47-9 - Change in policy terms and conditions--Notice.
Section 58-47-10 - Termination of insurance upon twenty days notice.
Section 58-47-11 - Immediate termination of insurance.
Section 58-47-12 - Notice of termination.
Section 58-47-13 - Notice and correspondence requirements.
Section 58-47-14 - Term of portable electronics license--Renewal.