<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 58-32-39 - Record by broker of each surplus line coverage--Violation as misdemeanor. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2076608Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2076608SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2076608CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2076608Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2076608DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2076608Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s2076608Normal-000002 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2076608000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2076608SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2076608SCL-000004 { 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="s2076608Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-32-39"><span class="s2076608SENU">58-32-39</span></a><span xml:space="preserve" class="s2076608SENU">. </span><span class="s2076608CL">Record by broker of each surplus line coverage--Violation as misdemeanor.</span></p><p dir="ltr" class="s2076608Normal-000000"><span class="s2076608DefaultParagraphFont">Each broker shall keep in the broker's office a record of each surplus line coverage procured by the broker, including a copy of each daily report, if any; a copy of each certificate issued by the broker; and the following items as may be applicable:</span></p><p dir="ltr" class="s2076608Normal-000001"><span class="s2076608DefaultParagraphFont">(1)    Amount of the insurance;</span></p><p dir="ltr" class="s2076608Normal-000001"><span class="s2076608DefaultParagraphFont">(2)    Gross premium charged;</span></p><p dir="ltr" class="s2076608Normal-000001"><span class="s2076608DefaultParagraphFont">(3)    Return premium paid, if any;</span></p><p dir="ltr" class="s2076608Normal-000001"><span class="s2076608DefaultParagraphFont">(4)    Rate of premium charged upon the several items of property;</span></p><p dir="ltr" class="s2076608Normal-000001"><span class="s2076608DefaultParagraphFont">(5)    Effective date of the contract, and the terms thereof;</span></p><p dir="ltr" class="s2076608Normal-000001"><span class="s2076608DefaultParagraphFont">(6)    Name and address of each insurer on the direct risk and the proportion of the entire risk assumed by such insurer if less than the entire risk;</span></p><p dir="ltr" class="s2076608Normal-000001"><span class="s2076608DefaultParagraphFont">(7)    Name and address of the insured;</span></p><p dir="ltr" class="s2076608Normal-000001"><span class="s2076608DefaultParagraphFont">(8)    Brief general description of the property or risk insured and where located or to be performed; and</span></p><p dir="ltr" class="s2076608Normal-000001"><span class="s2076608DefaultParagraphFont">(9)    Other information as may be required by the director.</span></p><p dir="ltr" class="s2076608Normal-000002"><span class="s2076608DefaultParagraphFont">A violation of this section is a Class 2 misdemeanor.</span></p><p dir="ltr" class="s2076608Normal"><span xml:space="preserve" class="s2076608000003"> </span></p><p dir="ltr" class="s2076608Normal"><span class="s2076608SCL">Source:</span><span xml:space="preserve" class="s2076608SCL-000004"> SL 1966, ch 111, ch 11, § 16 (1); SL 1978, ch 359, § 2; SL 2015, ch 260, § 10.</span></p></div></body></html>