SDCL § 58-30-6: Appointment of insurance producer by insurer--Filing with director--Statement of kinds of insurance to be transacted--Payment of fee--Reasons for denying appointment.

The director may deny an appointment or withhold processing an appointment for reasons of protection of the public health, welfare, or safety including the following:

(1) The insurance producer to be appointed is not properly licensed; or

(2) A notice of hearing from the Division of Insurance seeking revocation or suspension of the insurance producer or insurer has been issued.