The corporation shall not transact business here as an insurer until it has received a certificate of authority as provided in this title. Violation of this section is a Class 2 misdemeanor. Source: SL 1966, ch 111 , ch 16, § 7 (4); SL 1978, ch 359 , § 2.
Transaction of business without certificate of authority as misdemeanor
SDCL § 58-5-20 — under ORGANIZATION AND GENERAL POWERS OF INSURERS.
SDCL § 58-5-20