§ 58-30-152 Issuance of insurance producer license--Permitted lines of authority.

SD Codified L § 58-30-152 (2019) (N/A)

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58-30-152. Issuance of insurance producer license--Permitted lines of authority. Unless denied licensure pursuant to § 58-30-167, any person who has met the requirements of §§ 58-30-145 to 58-30-151, inclusive, shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one or more of the following lines of authority:

(1) Life--insurance coverage on human lives including benefits of endowment and annuities and may include benefits in the event of death or dismemberment by accident and benefits for disability income;

(2) Accident and health or sickness--insurance coverage for sickness, bodily injury, or accidental death and may include benefits in the event of death or dismemberment by accident and for disability income;

(3) Property--insurance coverage for the direct or consequential loss or damage to property of every kind;

(4) Casualty--insurance coverage against legal liability, including that for death, injury, or disability, damage to real or personal property, or fidelity and surety bonds;

(5) Variable life and variable annuity products--insurance coverage provided under variable life insurance contracts and variable annuities;

(6) Personal lines--property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes;

(7) Limited lines;

(8) Any other line of insurance permitted under state laws or rules.Source: SL 2001, ch 286, § 12; SL 2010, ch 233, § 12.

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§ 58-30-151 Program of instruction required for licensed insurance producers--Approval by director.

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§ 58-30-153 Term of insurance producer license.