S.D. Codified Laws § 58-30-209.3

Current through the 2024 Legislative Session

Section 58-30-209.3 - Travel administrators

Notwithstanding any other provisions of chapter 58-30, no person may act or represent oneself as a travel administrator for travel insurance in this state unless that person:

(1) Is a licensed property and casualty insurance producer in this state for activities permitted under that producer license;

(2) Holds a valid managing general agent license in this state; or

(3) Holds a valid third-party administrator license in this state.

An insurer is responsible for the acts of a travel administrator administering travel insurance underwritten by the insurer, and is responsible for ensuring that the travel administrator maintains all books and records relevant to the insurer to be made available by the travel administrator to the director upon request.

SDCL 58-30-209.3

SL 2022, ch 185, §4.

Added by S.L. 2022, ch. 185,s. 4, eff. 7/1/2022.