2023 South Dakota Codified Laws › Title 58 - Insurance › Chapter 02 - Division Of Insurance › Section 58-2-29 - Fees, licenses, and charges--Collection by director in advance.

58-2-29. Fees, licenses, and charges--Collection by director in advance.
The director of the Division of Insurance shall collect in advance, and persons so served shall pay to the director in advance, fees, licenses, and miscellaneous charges as follows:
(1)Certificate of authority of insurer:
(a)Application for original certificate of authority:
For filing application for certificate of authority, articles of incorporation, and other charter documents, bylaws, financial statements, examination reports, power of attorney to the director, and all other documents and filings required in connection with such application: ..... $500.00
(b)Issuance of original certificate of authority ..... 25.00
(c)Annual renewal of certificate of authority ..... 25.00
(d)Reinstatement of certificate of authority ..... 25.00
(e)Amendment or reissuance of certificate of authority ..... 25.00
(f)Annual audit ..... 500.00
This fee to be reduced by the total dollar amount of premium taxes remitted in each calendar year. The fee is waived for all licensed insurers remitting five hundred dollars or more in premium taxes in a calendar year.
(2)Filing amendment of articles of incorporation, domestic and foreign insurers, exclusive of fees required to be paid to the secretary of state by a domestic corporation ..... 10.00
(3)Filing bylaws or amendments thereto ..... 5.00
(4)Filing annual statement of insurer, other than as part of application for original certificate of authority ..... 25.00
(5)Insurance producers and solicitors:
(a)Insurance producer's license, including also disability insurance when written by property, casualty, or surety insurer otherwise represented by the insurance producer:
(i)Filing application for original license, and including issuance of license, if issued ..... 25.00
(ii)Original appointment of insurance producer, each insurer ..... 10.00
(iii)Annual renewal of appointment, each insurer:
Domestic insurer ..... 10.00
Foreign insurer ..... 10.00
(iv)Temporary license ..... 10.00
(b)Insurance producer's license, life or health insurance, including both life and disability insurance when so licensed as to the same insurer:
(i)Application for original license, including issuance of license, if issued, each insurer ..... 25.00
(ii)Original appointment of insurance producer, each insurer ..... 10.00
(iii)Annual renewal of appointment, each insurer:
Domestic insurer ..... 10.00
Foreign insurer ..... 10.00
(iv)Temporary license ..... 10.00
(c)Limited license as insurance producer:
(i)Motor vehicle physical damage ... Same as for insurance producer's license
(ii)Accident ticket policies, each insurer each year ..... 10.00
(iii)Baggage ticket policies, each insurer each year ..... 10.00
(iv)Credit insurance ..... Same as for insurance producer license
(d)Examination for license, each examination and each time taken ..... 10.00
(e)Nonresident insurance producer license:
(i)Original license ..... 30.00
(ii)Biennial renewal of license ..... 50.00
(iii)Appointments, each insurer ..... 20.00
(iv)Annual renewal of appointments, each insurer ..... 20.00
(f)Resident insurance producer, original license ..... 25.00
(i)Biennial continuing education fee, license renewal ..... 20.00
(g)Corporation or partnership license:
(i)Original license ..... 25.00
(ii)Appointment, each insurer ..... 10.00
(iii)Annual renewal of appointment, each insurer ..... 10.00
(h)Nonresident corporation or partnership license:
(i)Original license ..... 30.00
(ii)Appointment, each insurer ..... 20.00
(iii)Annual renewal of appointment, each insurer ..... 20.00
(i)Portable electronics license ..... Same as for insurance producer license
(6)Insurance vending machine license, each machine, each year ..... 20.00
(7)Surplus line broker's license, application for original license including issuance of license, if issued ..... 50.00
(a)Biennial renewal of license ..... 100.00
(8)Rating bureau, original license ..... 25.00
(a)Annual renewal of license ..... 35.00
(9)Examination of rating bureau... Same fees as provided in this chapter for examination of foreign insurance companies.
(10)Farm mutuals:
(a)Application for original certificate of authority: For filing application for certificate of authority, articles of incorporation, and all other documents and filings required in connection with such application, and for issuance of an original certificate of authority, if issued ..... 25.00
(b)Annual renewal of certificate of authority ..... 10.00
(c)Filing annual statement ..... 5.00
(11)Broker's license as attorney in fact of a reciprocal or interinsurance exchange ..... 20.00
(12)Miscellaneous services:
(a)For a copy of any paper filed in the insurance division, for which another price is not set by statute, each page ..... 75
(b)Director's sworn certificate, except when on certificates of authority or licenses ..... 10.00
(c)For receiving and forwarding copy of summons or other process served upon the director, as process agent of an insurer or nonresident insurance producer ..... 10.00
(13)Application for continuing education course approval ..... 25.00
(14)Annual renewal of certificate of authority for domestic insurer issuing court appearance bonds .... 6,000
Source:
SL 1966, ch 111, ch 2, §27; SL 1975, ch 305, §§1, 2; SL 1978, ch 359, §12; SL 1978, ch 365, §1; SL 1980, ch 349; SL 1983, ch 27, §7; SL 1984, ch 29, §9; SL 1986, ch 415, §1; SL 1987, ch 370, §§1 to 3; SL 2001, ch 286, §60; SL 2002, ch 229, §1; SL 2010, ch 233, §1; SL 2011, ch 55, §2; SL 2012, ch 251, §15.