State statute · South Dakota

South Dakota Codified Laws Title 58, Chapter 58-32: Surplus Line Insurance

Publisher: sdlegislature.gov
Edition: South Dakota Codified Laws
Last checked: 2026-09-25
Status: SD statutes, public domain

Edition and licensing notes

Edition. South Dakota Codified Laws (SDLRC official posting), retrieved 2026-09-25

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

Read the official text Practice questions from this source

What this document is

South Dakota Codified Laws Title 58, Chapter 58-32 - Surplus Line Insurance 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 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 § 58-32-17 (Conditions for export--Amount not procurable from authorized insurers)
“The full amount of insurance required must not be procurable, after diligent effort has been made to do so, from insurers authorized to transact and actually writing that kind and class of insurance in this state, and the amount of insurance exported shall be only the excess over the amount...”
S.D. Codified Laws § 58-32-18 (Export of insurance where coverage available from authorized insurer prohibited--Exception)
“Insurance must not be exported pursuant to § 58-32-16 if there is coverage readily available from an authorized insurer, unless the authorized insurer quotes a premium or terms not competitive with the premium or terms quoted by an unauthorized insurer. If one portion of the risk is acceptable to...”
SDCL 58-32-10.1 (Bond of resident surplus line broker--Amount--Conditions--Termination)
“Within thirty days of issuance of a license as a resident surplus line broker and before procuring any insurance coverage for an insured, the broker shall file with the director, and thereafter for as long as the license remains in effect the broker shall keep in force, a bond in favor of the State...”
SDCL 58-32-16 (Impossibility of procuring coverage from authorized insurers--Procurement from unauthorized insurers)
“The provisions of §§ 58-32-16 to 58-32-18, inclusive, do not apply to exempt commercial lines policyholders as defined in §§ 58-24-68 and 58-24-69 if: (1) The broker procuring or placing the surplus lines insurance has disclosed to the exempt commercial purchaser that the insurance may or may not...”
SDCL 58-32-1 (Purposes of chapter)
“It is declared that the purposes of this chapter are to provide orderly access for the insuring public of South Dakota to insurers not authorized to transact insurance in this state, through licensed surplus line brokers in South Dakota for insurance coverages not procurable from authorized...”
SDCL 58-32-18 (Export of insurance where coverage available from authorized insurer prohibited; exception)
“Insurance must not be exported pursuant to § 58-32-16 if there is coverage readily available from an authorized insurer, unless the authorized insurer quotes a premium or terms not competitive with the premium or terms quoted by an unauthorized insurer.”
SDCL 58-32-27 (Evidence of insurance; certificate, execution, content)
“Upon placing a surplus line coverage, the broker shall promptly issue and deliver to the insured evidence of the insurance consisting either of the policy as issued by the insurer or, if such policy is not then available, the surplus line broker's certificate of insurance. Such a certificate shall...”
SDCL 58-32-32 (Endorsement of contract)
“Every insurance contract procured and delivered as a surplus line coverage pursuant to this chapter shall have stamped upon it, and be initialed by or bear the name of the surplus line broker who procured it in ten point or larger, boldface type, the following: "THIS INSURANCE CONTRACT IS ISSUED BY...”
SDCL 58-32-33 (Surplus line insurance valid)
“Insurance contracts procured as surplus line coverage from unauthorized insurers shall be valid and enforceable as to all parties, the same as like contracts issued by authorized insurers.”
SDCL 58-32-7 (Qualifications for surplus line broker's license)
“Any individual who is licensed in this state as an insurance producer and who is determined by the director to be competent and trustworthy with respect to the handling of surplus lines may be licensed as a surplus line broker. No individual is required to be licensed pursuant to this chapter as a...”
SDCL 58-32-17 (Conditions for export--Amount not procurable from authorized insurers)
“The full amount of insurance required must not be procurable, after diligent effort has been made to do so, from insurers authorized to transact and actually writing that kind and class of insurance in this state, and the amount of insurance exported shall be only the excess over the amount...”
SDCL 58-32-19 (Procurement of exported insurance through licensed surplus line broker)
“Insurance under § 58-32-16 must be procured through a licensed surplus line broker, subject to the provisions of §§ 58-32-47 to 58-32-55, inclusive.”

Practice this material

South Dakota Property & Casualty practice test South Dakota Personal Lines practice test

Questions about this source

South Dakota Codified Laws Title 58, Chapter 58-32 - Surplus Line Insurance is a state statute published by sdlegislature.gov. Edition: South Dakota Codified Laws (SDLRC official posting), retrieved 2026-09-25.

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 Property & Casualty, South Dakota Personal Lines cite this document.

More South Dakota sources

See all South Dakota sources →