HB1219Enacted
revise certain provisions regarding surplus line insurance.
# HB1219 Summary
HB1219 updates South Dakota's rules for surplus line insurance—a type of coverage offered by insurers not licensed to operate in the state—by revising requirements for how these policies are sold and regulated. The bill modifies provisions governing surplus line brokers' responsibilities, licensing, and the conditions under which they can place insurance with non-admitted carriers. These changes streamline the process while maintaining consumer protections for this specialized insurance market.