South Dakota Codified Laws 58-30-209.3. Travel administrators
Notwithstanding any other provisions of chapter 58-30, no person may act or represent oneself as a travel administrator for travel insurance in this state unless that person:
(1) Is a licensed property and casualty insurance producer in this state for activities permitted under that producer license;
Terms Used In South Dakota Codified Laws 58-30-209.3
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Property: includes property, real and personal. 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) Holds a valid managing general agent license in this state; or
(3) Holds a valid third-party administrator license in this state.
An insurer is responsible for the acts of a travel administrator administering travel insurance underwritten by the insurer, and is responsible for ensuring that the travel administrator maintains all books and records relevant to the insurer to be made available by the travel administrator to the director upon request.
Source: SL 2022, ch 185, § 4.