Title 58 — INSURANCE
79 chapters · 3,532 sections in this title.
SDCL § 58-32-51 Interest on delinquent tax on independently procured coverages
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The tax imposed under § 58-32-50 , if delinquent, shall bear interest at the Category D rate of interest as established in § 54-3-16 , compounded annually. Source: SL 1966, ch 111 , ch 11, § 22 (4); SL 1983, ch 28 , § 67; SL 1984, ch 319 , § 33.
SDCL § 58-32-52 Insured's liability for tax on independently procured coverages
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The tax imposed by § 58-32-50 shall be collectible from the insured by civil action brought by the director, or by distraint. Source: SL 1966, ch 111 , ch 11, § 22 (5).
SDCL § 58-32-53 Deposits of taxes and interest collected on independently procured coverage
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The director shall promptly deposit all taxes and interest collected under §§ 58-32-50 to 58-32-52 , inclusive, with the state treasurer to the credit of the state's general fund. Source: SL 1966, ch 111 , ch 11, § 22 (6).
SDCL § 58-32-54 Provisions on independently procured coverages do not affect unauthorized insurers
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Sections 58-32-47 to 58-32-53 , inclusive, do not abrogate or modify any provision of this title covering unauthorized insurers or suits against unauthorized insurers. Source: SL 1966, ch 111 , ch 11, § 22 (7).
SDCL § 58-32-55 Provisions on independently procured coverages inapplicable to life or health insurance, or annuities
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Sections 58-32-47 to 58-32-53 , inclusive, do not apply as to life or health insurances, or annuities. Source: SL 1966, ch 111 , ch 11, §§ 22 (8), 23 (2).
SDCL § 58-32-56 Rules and regulations--Adoption by director
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The director may adopt reasonable rules and regulations, consistent with this chapter, for any or all of the following purposes: (1) Effectuation of such chapter; (2) Establishment of procedures through which determination is to be made as to the eligibility of particular propose…
SDCL § 58-32-58 Citation of chapter
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This chapter constitutes and may be cited as the Surplus Line Law. Source: SL 1966, ch 111 , ch 11, § 1 (1).
SDCL § 58-32-6 Unauthorized acts constituting misdemeanors--Additional forfeiture
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Unless performed by a licensed surplus line broker, the following acts are Class 2 misdemeanors if done in this state: (1) Acting as insurance producer for a nonadmitted insurer in the transaction of insurance business in this state; (2) In any manner advertising a nonadmitted in…
SDCL § 58-32-7 Qualifications for surplus line broker's license--Out-of-state sales
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Any individual who is licensed in this state as an insurance producer and who is determined by the director to be competent and trustworthy with respect to the handling of surplus lines may be licensed as a surplus line broker. No individual is required to be licensed pursuant to…
SDCL § 58-32-8 Application for surplus line license--Fee
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Application for license as a surplus lines broker shall be made to the director on forms furnished by the director. The license fee shall be as specified in §
SDCL § 58-32-9 Licensing provisions applicable
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The surplus line broker license and licensee shall be subject to the applicable provisions of chapter 58-30 . Source: SL 1966, ch 111 , ch 11, § 12 (4). 58-32-10. Repealed by SL 2003, ch 254 , § 1