Companies prohibited from issuing policy in this state except through licensed agent--Violation as misdemeanor.

Checkout our iOS App for a better way to browser and research.

58-30-92. Companies prohibited from issuing policy in this state except through licensed agent--Violation as misdemeanor.

No authorized insurer may issue or cause to be issued any policy, duplicate policy, or insurance contract covering a subject of insurance that is resident, located or to be performed in this state through any person who is not licensed as an agent under this chapter. Violation of this section is a Class 2 misdemeanor.

Source: SL 1966, ch 111, ch 9, §32 (1); SL 1978, ch 359, §2; SL 1978, ch 365, §24; SL 1983, ch 378, §1.


Download our app to see the most-to-date content.