Section 58-6A-19.1 - Purchase from risk retention group not chartered or insurer not admitted in stateprohibited--Exception. - South-dakota Statutes

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Statutes > South-dakota > Title-58 > Chapter-06a > Statute-58-6a-19-1

58-6A-19.1. Purchase from risk retention group not chartered or insurer not admitted in state prohibited--Exception. A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed insurance producer acting pursuant to the surplus lines laws and regulations of such state.

Source: SL 1988, ch 392, § 9; SL 2001, ch 286, § 92.

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-06a > Statute-58-6a-19-1

58-6A-19.1. Purchase from risk retention group not chartered or insurer not admitted in state prohibited--Exception. A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed insurance producer acting pursuant to the surplus lines laws and regulations of such state.

Source: SL 1988, ch 392, § 9; SL 2001, ch 286, § 92.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-06a > Statute-58-6a-19-1

58-6A-19.1. Purchase from risk retention group not chartered or insurer not admitted in state prohibited--Exception. A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed insurance producer acting pursuant to the surplus lines laws and regulations of such state.

Source: SL 1988, ch 392, § 9; SL 2001, ch 286, § 92.