The broker shall place surplus line insurance only in an insurer which meets the requirements of §§ 58-32-22 to 58-32-24 , inclusive. Violation of this section is a Class 2 misdemeanor. Source: SL 1966, ch 111 , ch 11, § 6 (2); SL 1978, ch 359 , § 2.
Placement in authorized insurer--Violation as misdemeanor
SDCL § 58-32-21 — under SURPLUS LINE INSURANCE.
SDCL § 58-32-21