State statute · South Dakota

Insurance producers (licensing, appointment, discipline)

S.D. Codified Laws ch. 58-30

Publisher: South Dakota Legislature
Edition: S.D. Codified Laws, retrieved 2026-08-28
Last checked: 2026-08-28
Status: South Dakota Codified Laws, public domain

Edition and licensing notes

Publisher. South Dakota Legislature (sdlegislature.gov)

Status. South Dakota Codified Laws, public domain.

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What this document is

S.D. Codified Laws ch. 58-30: Insurance producers (licensing, appointment, discipline) is a state statute published by South Dakota Legislature (sdlegislature.gov). It is one of the South Dakota documents that insurance license exam questions are written from, including south dakota life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

S.D. Codified Laws § 58-30-149 (Application by Business Entity for Insurance Producer License)
“Application shall be made using a form or format prescribed by the director. The director shall consider the use of a uniform form or format. Before approving the application, the insurance director shall find that the business entity has paid the fees set forth in § 58-2-29 .”
S.D. Codified Laws § 58-30-148 (Grounds Screening Before Approval)
“Before approving the application, the director shall find that the individual: (1) Is at least eighteen years of age; (2) Has not committed any act that is a ground for denial, suspension, or revocation set forth in § 58-30-167 ;”
S.D. Codified Laws § 58-30-145 (Written Examination Required)
“A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to § 58-30-52 . The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an...”
S.D. Codified Laws § 58-30-133 (Penalties for Violation)
“If the director finds after hearing that any person has violated any provision of §§ 58-30-124 to 58-30-139 , inclusive, the director may order one or all of the following: (1) For each separate violation, a penalty in an amount of not more than twenty - five thousand dollars; (2) Revocation or...”
S.D. Codified Laws § 58-30-144(1) (License Not Required: Non-Commissioned Officers, Directors, and Employees)
“A license as an insurance producer is not required of the following: (1) The officer, director, or employee of an insurer or of an insurance producer, if the officer, director, or employee does not receive any commission on policies written or sold to insure risks residing, located, or to be...”
S.D. Codified Laws § 58-30-127(3) (Funds Collected for the Account of an Insurer)
“All funds collected for the account of an insurer shall be held by the managing general agent in an escrow account in a bank which is a qualified United States financial institution as defined in § 58-30-139 . This account shall be used for all payments on behalf of the insurer.”
S.D. Codified Laws § 58-30-143 (Sale, Solicitation or Negotiation Limited to Licensed Line)
“No person may sell, solicit, or negotiate insurance in this state for any line of insurance unless the person is licensed for that line of authority in accordance with §§ 58-30-141 to 58-30-195 , inclusive.”
S.D. Codified Laws § 58-30-145 (Written Examination Required for Resident Applicants)
“The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an insurance producer, and the insurance laws and rules of this state.”
S.D. Codified Laws ch. 58-30 § 58-30-148 (Resident application for insurance producer license--Requirements for application)
“A person applying for a resident insurance producer license shall make application to the director on an application form or format as prescribed by the director and declare under penalty of refusal, suspension, or revocation of the license that the statements made in the application are true,...”
S.D. Codified Laws ch. 58-30 § 58-30-143 (Sale, solicitation or negotiation limited to licensed line of insurance only)
“No person may sell, solicit, or negotiate insurance in this state for any line of insurance unless the person is licensed for that line of authority in accordance with §§ 58-30-141 to 58-30-195 , inclusive.”
S.D. Codified Laws ch. 58-30 § 58-30-127(3) (Written contract between managing general agent and insurer)
“(3) All funds collected for the account of an insurer shall be held by the managing general agent in an escrow account in a bank which is a qualified United States financial institution as defined in § 58-30-139 . This account shall be used for all payments on behalf of the insurer. The managing...”
S.D. Codified Laws ch. 58-30 § 58-30-133 (Penalties for violation by managing general agent)
“If the director finds after hearing that any person has violated any provision of §§ 58-30-124 to 58-30-139 , inclusive, the director may order one or all of the following: (1) For each separate violation, a penalty in an amount of not more than twenty - five thousand dollars; (2) Revocation or...”

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S.D. Codified Laws ch. 58-30: Insurance producers (licensing, appointment, discipline) is a state statute published by South Dakota Legislature (sdlegislature.gov). Edition: S.D. Codified Laws, retrieved 2026-08-28.

No. This page summarizes the document and links to the official version. Always rely on the text published by South Dakota Legislature (sdlegislature.gov) for the current law.

Practice questions for South Dakota Life & Health cite this document.

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