State of South Dakota  
EIGHTY-SEVENTH SESSION
LEGISLATIVE ASSEMBLY, 2012  

400T0177   SENATE BILL   NO.  28  

Introduced by:    The Committee on Commerce and Energy at the request of the Department of Labor and Regulation
 

        FOR AN ACT ENTITLED, An Act to revise provisions regarding the renewal process for certain third party insurance administrators.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
    Section 1. That § 58-29D-30 be amended to read as follows:
    58-29D-30. Each administrator licensed or registered shall file an annual report renewal for the preceding calendar year with the director on or before July first of each year, or within such extension of time therefor as the director for good cause may grant. The report renewal shall be in the form and contain such matters as the director prescribes and shall be verified by at least two officers of the administrator. The annual report renewal shall include the complete names and addresses of all insurers with which the administrator had an agreement during the preceding fiscal year. At the time of filing its annual report renewal, the administrator shall pay a filing fee of two hundred fifty dollars. Failure to file such renewal shall result in lapsing of the license or registration of the administrator.

180 copies were printed on recycled paper by the South Dakota
Legislative Research Council at a cost of $.063 per page.   		.
   		Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by overstrikes.