South Dakota Codified Laws 58-30-159. Requirements for nonresident insurance producer license
Current as of: 2023 | Check for updates
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Unless denied licensure pursuant to § 58-30-167, a nonresident person is entitled to receive a nonresident insurance producer license if:
(1) The person is currently licensed as a resident insurance producer and in good standing in the person’s home state;
Terms Used In South Dakota Codified Laws 58-30-159
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- 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 person has submitted the proper request for licensure and has paid the fees required by § 58-2-29;
(3) The person has submitted or transmitted to the director the application for licensure that the person submitted to the person’s home state or the application required by § 58-30-148; and
(4) Except for fees, the person’s home state issues nonresident insurance producer licenses to residents of this state on the same basis.
Source: SL 2001, ch 286, § 19.