Surplus lines producer or excess line producer license required to solicit liability insurance from unauthorized insurer for purchasing group

SDCL § 58-6A-19.7 — under RISK RETENTION GROUPS.

SDCL § 58-6A-19.7

No person, firm, association, or corporation may act or aid in any manner in soliciting, negotiating, or procuring liability insurance from an insurer not authorized to do business in this state on behalf of a purchasing group located in this state unless the person, firm, association, or corporation is licensed as a surplus lines producer or excess line producer in accordance with Title 58. Source: SL 1988, ch 392 , § 15; SL 2001, ch 286 , § 96.