58-32-21. Placement in authorized insurer--Violation as misdemeanor.
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/sd/title-58/chapter-58-32/58-32-21·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The broker shall place surplus line insurance only in an insurer which meets the requirements of §§ 58-32-22 to 58-32-24 , inclusive. Violation of this section is a Class 2 misdemeanor.