(House Bill 1059)
An Act to permit nonresponsive insurance producer applications be deemed withdrawn as to not constitute a refusal or administrative action.
Be it enacted by the Legislature of the State of South Dakota:
Section 1. That chapter 58-30 be amended with a NEW SECTION:
An application for an insurance producer license must be deemed withdrawn if the director contacts an applicant under this chapter in writing regarding an incomplete application and the director does not receive a response from the applicant within sixty days of the date of the written communication. A withdrawn application under this section is not a refusal to issue a producer license and is not an administrative action reportable to other states.
Signed February 8, 2022
Catchlines are not law. (§ 2-16-13.1) Underscores indicate new language.
indicate deleted language.