State statute · South Dakota

Insurance Producers (SDCL 58-30)

South Dakota Codified Laws Title 58, Chapter 58-30

Publisher: sdlegislature.gov
Edition: South Dakota Codified Laws
Last checked: 2026-09-02
Status: SD statutes, public domain

Edition and licensing notes

Edition. South Dakota Codified Laws (SDLRC official posting), statutes effective August 31, 2026

Status. SD statutes, public domain (state government edict).

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What this document is

South Dakota Codified Laws Title 58, Chapter 58-30 - Insurance Producers (SDCL 58-30) is a state statute published by sdlegislature.gov. It is one of the South Dakota documents that insurance license exam questions are written from, including south dakota life & health, south dakota property & casualty, south dakota personal lines 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 § 58-30-126 (Managing General Agent License Required)
“No person may act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless the person is a licensed insurance producer in this state. No person may act in the capacity of a managing general agent representing an insurer...”
S.D. Codified Laws § 58-30-148 (Resident Producer Application: Declaration Under Penalty of Refusal, Suspension, or Revocation)
“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 § 58-30-176 (Appointment of Insurance Producer as Agent of Insurer)
“To appoint an insurance producer or business entity as its agent, the appointing insurer shall file, in a format approved by the director, a notice of appointment within fifteen days from the date the agency contract is executed or the first insurance application is submitted. An insurer may also...”
S.D. Codified Laws ch. 58-30 § 58-30-119 (Extension of Time for Completing Continuing Education Requirements)
“For good cause shown, the director of the Division of Insurance may grant an extension of time during which the requirements imposed by §§ 58-30-114 to 58-30-121, inclusive, may be completed, but such extension of time may not exceed one year.”
S.D. Codified Laws ch. 58-30 § 58-30-167 (Causes for Suspension, Revocation, or Refusal to Renew; Notice; Hearing)
“The director may suspend for not more than twelve months, or may revoke or refuse to continue, any license issued under this chapter, or any license of a surplus lines broker after a hearing. Notice of such hearing and of the charges against the licensee shall be given to the licensee and to the...”
S.D. Codified Laws ch. 58-30 § 58-30-88 (Premiums Received by Producer as Trust Funds)
“All premiums or return premiums received by an insurance producer shall be trust funds received by the licensee in a fiduciary capacity, and the insurance producer or soliciting insurance producer shall account for and pay the same to the insured, insurer, or insurance producer entitled thereto.”
S.D. Codified Laws § 58-30-12.1 (Excess or rejected life or health insurance or annuity risks--Placement by insurance producer licensed for life or health insurance), in South Dakota Codified Laws Title 58, Chapter 58-30 - Insurance Producers (SDCL 58-30)
“An insurance producer licensed for life or health insurance, or both, may place excess or rejected life or health insurance or annuity risks with any authorized insurer other than an insurer the insurance producer is licensed to represent; but the insurance producer may not receive commissions or...”
S.D. Codified Laws § 58-30-140 (Agents not to obtain loans from clients--Exceptions), in South Dakota Codified Laws Title 58, Chapter 58-30 - Insurance Producers (SDCL 58-30)
“No insurance producer may obtain a loan from an existing or former client, other than a lending institution authorized by state or federal law, unless there is a written contract establishing the terms for repayment of the loan and the contract is filed with the division within thirty days of its...”
S.D. Codified Laws § 58-30-150.1 (Incomplete application--Deemed withdrawn--Not a refusal or reportable administrative action), in South Dakota Codified Laws Title 58, Chapter 58-30 - Insurance Producers (SDCL 58-30)
“An application for an insurance producer license must be deemed withdrawn if the director contacts an applicant under this chapter in writing regarding an incomplete application and the director does not receive a response from the applicant within sixty days of the date of the written...”
S.D. Codified Laws § 58-30-154 (Reinstatement of lapsed insurance producer license), in South Dakota Codified Laws Title 58, Chapter 58-30 - Insurance Producers (SDCL 58-30)
“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...”
S.D. Codified Laws § 58-30-165 (Temporary insurance producer license), in South Dakota Codified Laws Title 58, Chapter 58-30 - Insurance Producers (SDCL 58-30)
“The director may issue a temporary insurance producer license for a period not to exceed one hundred eighty days without requiring an examination if the director determines that the temporary license is necessary for the servicing of an insurance business in the following cases: (1) To the...”
S.D. Codified Laws § 58-30-9 (Rights of insurance producer following termination of appointment)
“Following termination of an agency appointment as to property, casualty, or surety insurance, and subject to the terms of any agreement between the insurance producer and the insurer, the insurance producer may continue to service and receive from the insurer commissions or other compensation...”

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Questions about this source

South Dakota Codified Laws Title 58, Chapter 58-30 - Insurance Producers (SDCL 58-30) is a state statute published by sdlegislature.gov. Edition: South Dakota Codified Laws (SDLRC official posting), statutes effective August 31, 2026.

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

Practice questions for South Dakota Life & Health, South Dakota Property & Casualty, South Dakota Personal Lines cite this document.

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