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79 chapters · 3,426 sections in this title.
SDCL § 58-32-33 Surplus line insurance valid
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Insurance contracts procured as surplus line coverage from unauthorized insurers shall be valid and enforceable as to all parties, the same as like contracts issued by authorized insurers. Source: SL 1966, ch 111 , ch 11, § 10.
SDCL § 58-32-34 Liability of insurer as to losses and unearned premiums
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As to a surplus line risk which has been assumed by an unauthorized insurer and for which the premium has been received by the surplus line broker who placed such insurance, the insurer shall be deemed to have received the premium due to it for such coverage, and for unearned pre…
SDCL § 58-32-35 Assumption of surplus line direct risk--Extent of liability
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Each unauthorized insurer assuming a surplus line direct risk shall be deemed thereby to have subjected itself to the terms of § 58-32-34 . Source: SL 1966, ch 111 , ch 11, § 11 (2).
SDCL § 58-32-36 Venue of action against unauthorized insurer
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Any cause of action against an unauthorized insurer arising in this state on a surplus line contract shall be brought in the circuit court for the county in which the cause of action arose. Source: SL 1966, ch 111 , ch 11, § 20 (1).
