58-29D-30. Annual renewal of administrator--Fee--Lapse of license or registration.
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/sd/title-58/chapter-58-29/58-29d-30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each administrator licensed or registered shall file an annual renewal for the preceding calendar year with the director on or before July first of each year, or within such extension of time as the director for good cause may grant. The renewal shall be in the form and contain such matters as the director prescribes and shall be verified by at least two officers of the administrator. The annual renewal shall include the complete names and addresses of all insurers with which the administrator had an agreement during the preceding fiscal year.
At the time of filing its annual renewal, the administrator shall pay a filing fee of two hundred fifty dollars. Failure to file such renewal shall result in lapsing of the license or registration of the administrator.