Insurance producer or broker license required to solicit liability insurance for purchasing group from insurer or risk retention group

SDCL § 58-6A-19.5 — under RISK RETENTION GROUPS.

SDCL § 58-6A-19.5

No person, firm, association, or corporation may act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state for a purchasing group from an authorized insurer or a risk retention group chartered in a state unless the person, firm, association, or corporation is licensed as an insurance producer in accordance with Title 58. Source: SL 1988, ch 392 , § 13; SL 2001, ch 286 , § 94.