58-30-154. Reinstatement of lapsed insurance producer license.
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/sd/title-58/chapter-58-30/58-30-154·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An individual insurance producer who allows his or her license to lapse may, within twelve months from the due date of the renewal fee apply to reinstate the same license without the necessity of passing a written examination. A penalty in the amount of double the unpaid renewal fee shall be required for any license reinstatement. This section only applies to renewals if the continuing education due date was missed or timely payment of the fee was not made.