58-32-21. Placement in authorized insurer--Violation as misdemeanor.

The broker shall place surplus line insurance only in an insurer which meets the requirements of §§ 58-32-22 to 58-32-24, inclusive. Violation of this section is a Class 2 misdemeanor.

Source: SL 1966, ch 111, ch 11, § 6 (2); SL 1978, ch 359, § 2.