<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-30-192 - Penalties for failure to report. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2076538Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2076538SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2076538CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2076538Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2076538DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2076538000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2076538SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2076538SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2076538Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-30-192"><span class="s2076538SENU">58-30-192</span></a><span xml:space="preserve" class="s2076538SENU">. </span><span class="s2076538CL">Penalties for failure to report.</span></p><p dir="ltr" class="s2076538Normal-000000"><span xml:space="preserve" class="s2076538DefaultParagraphFont">An insurer, the authorized representative of the insurer, or insurance producer that fails to report as required under the provisions of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-30-141"><span class="s2076538DefaultParagraphFont">58-30-141</span></a><span xml:space="preserve" class="s2076538DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-30-195"><span class="s2076538DefaultParagraphFont">58-30-195</span></a><span xml:space="preserve" class="s2076538DefaultParagraphFont">, inclusive, or that is found to have reported with actual malice by a court of competent jurisdiction may, after notice and hearing, have its license or certificate of authority suspended or revoked and may be assessed a monetary penalty in accordance with § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-4-28.1"><span class="s2076538DefaultParagraphFont">58-4-28.1</span></a><span class="s2076538DefaultParagraphFont">.</span></p><p dir="ltr" class="s2076538Normal"><span xml:space="preserve" class="s2076538000001"> </span></p><p dir="ltr" class="s2076538Normal"><span class="s2076538SCL">Source:</span><span xml:space="preserve" class="s2076538SCL-000002"> SL 2001, ch 286, § 52.</span></p></div></body></html>