58-30-159. Requirements for nonresident insurance producer license.
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/sd/title-58/chapter-58-30/58-30-159·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 , a nonresident person is entitled to receive a nonresident insurance producer license if:
(1)The person is currently licensed as a resident insurance producer and in good standing in the person's home state;
(2)The person has submitted the proper request for licensure and has paid the fees required by § 58-2-29 ;
(3)The person has submitted or transmitted to the director the application for licensure that the person submitted to the person's home state or the application required by § 58-30-148 ; and
(4)Except for fees, the person's home state issues nonresident insurance producer licenses to residents of this state on the same basis.