South Dakota § 58-14-38 - Penalty for violation.
Full text of South Dakota South Dakota Codified Laws § 58-14-38 — Penalty for violation., with citation guidance and answers to common questions.
§ 58-14-38. Penalty for violation.
Any agent or broker, insurer or reinsurer found by the director, after a hearing conducted in accordance with chapter 1-26, to be in violation of any provision of §§ 58-14-24 to 58-14-42, inclusive, shall:
(1) For each separate violation, pay a penalty in an amount not exceeding five thousand dollars;
(2) Be subject to revocation or suspension of its license; and
(3) If a violation was committed by the agent or broker, the agent or broker shall make restitution to the insurer, reinsurer, rehabilitator, or liquidator of the insurer or reinsurer for the net losses incurred by the insurer or reinsurer attributable to the violation.
Source: SL 1992, ch 345, § 15.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-14-38
What does South Dakota Codified Laws § 58-14-38 cover?
Section 58-14-38 ("Penalty for violation.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-14-38?
A common citation format is "South Dakota Codified Laws § 58-14-38" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-14-38 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.