South Dakota Codified Laws 58-32-41. Annual statement of broker–Filing with director–Violation as misdemeanor
Current as of: 2023 | Check for updates
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Each broker shall before the first day of April of each year file with the director a verified statement of all surplus line insurance transacted by him during the preceding calendar year. Violation of this section is 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 58-32-41
- 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, § 17 (1); SL 1978, ch 359, § 2.