South Dakota Codified Laws 58-32-30. False certificate by broker–Failure to notify insured as to material change–Misdemeanor
Current as of: 2023 | Check for updates
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Any surplus line broker who knowingly or negligently issues a false certificate, or who fails promptly to notify the insured of any material change with respect to such insurance by delivery to the insured of a substitute certificate as provided in § 58-32-29, commits a Class 2 misdemeanor.
Attorney's Note
Under the South Dakota Laws, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 2 misdemeanor | up to 30 days | up to $500 |
Terms Used In South Dakota Codified Laws 58-32-30
- Broker: as used in this chapter means a surplus line broker duly licensed as such under this chapter. See South Dakota Codified Laws 58-32-2
Source: SL 1966, ch 111, ch 11, § 8 (5); SL 1978, ch 359, § 2.