South Dakota Codified Laws 58-29D-26. Conditions not requiring license
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An administrator is not required to hold a license as an administrator in this state if all of the following conditions are met:
(1) The administrator has its principal place of business in another state;
Terms Used In South Dakota Codified Laws 58-29D-26
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
(2) The administrator is not soliciting business as an administrator in this state;
(3) In the case of any group policy or plan of insurance serviced by the administrator and less than one hundred certificate holders reside in this state.
Source: SL 1992, ch 352, § 26.