58-30-152. Issuance of insurance producer license--Permitted lines of authority.
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/sd/title-58/chapter-58-30/58-30-152·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless denied licensure pursuant to § 58-30-167 , any person who has met the requirements of §§ 58-30-145 to 58-30-151 , inclusive, shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one or more of the following lines of authority:
(1)Life--insurance coverage on human lives including benefits of endowment and annuities and may include benefits in the event of death or dismemberment by accident and benefits for disability income;
(2)Accident and health or sickness--insurance coverage for sickness, bodily injury, or accidental death and may include benefits in the event of death or dismemberment by accident and for disability income;
(3)Property--insurance coverage for the direct or consequential loss or damage to property of every kind;
(4)Casualty--insurance coverage against legal liability, including that for death, injury, or disability, damage to real or personal property, or fidelity and surety bonds;
(5)Variable life and variable annuity products--insurance coverage provided under variable life insurance contracts and variable annuities;
(6)Personal lines--property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes;
(7)Limited lines;
(8)Any other line of insurance permitted under state laws or rules.