Section 58-6-2 - Solicitation of insurance or transacting business in another state by insurer in this state without certificate of authority prohibited--Misdemeanor

58-6-2. Solicitation of insurance or transacting business in another state by insurer in this state without certificate of authority prohibited--Misdemeanor.No insurer shall from offices or by personnel or facilities located in this state solicit insurance applications or otherwise transact insurance in another state or country unless it holds a subsisting certificate of authority issued to it by the director authorizing it to transact the same kinds of insurance in this state. Violation of this section is a Class 2 misdemeanor. Source: SL 1966, ch 111, ch 3, §1 (2); SL 1978, ch 359, §2.