{"data":{"id":"us-sd/sdcl-58-29b-54","jurisdiction":"us-sd","citation":"SDCL § 58-29B-54","heading":"Failure of insurance producer to comply with § 58-29B-53--Penalty--Liquidator's waiver of duties.","body":"Any insurance producer failing to give notice or file a report of compliance as required in § 58-29B-53 may be subject to payment of a penalty of not more than one thousand dollars and may have the insurance producer's license suspended, which may only be imposed after a hearing held by the director. The liquidator may waive the duties imposed by § 58-29B-53 if he determines that other notice to the policyholders of the insurer under liquidation is adequate.","path":["TITLE 58. INSURANCE","CHAPTER 58-29B. INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION"],"source_url":"https://sdlegislature.gov/Statutes/58-29B-54","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"6eb1ec5bf72a6b4009b607c5b6c06776ab137621e8739b657ccf3605f0c0aa52","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-29b-53","next":"us-sd/sdcl-58-29b-55"},"notice":"GroundRules: Original legal text. Not legal advice."}